SEC Chair Gary Gensler to resign on January 20 after leading cryptocurrency crackdown

Securities and Exchange Commission Chair Gary Gensler will resign on January 20, coinciding with President-elect Donald Trump's inauguration. Gensler's tenure was marked by strict oversight of cryptocurrencies, which drew criticism from the industry and some lawmakers. Under Gensler, the SEC took action against fraud in the crypto market while also approving exchange-traded funds for easier access to bitcoin. His approach aimed to protect investors but faced backlash for being overly restrictive. Gensler's leadership included efforts to improve stock trade settlement times and address issues raised by the meme stock phenomenon. He defended the SEC's record, emphasizing its mission to protect investors and maintain market integrity.