SEC's Gensler to step down in January - Breaking The News

SEC's Gensler to step down in January

21 November

1 min read

EPA-EFE/MICHAEL REYNOLDS

United States Securities and Exchange Commission (SEC) Chair Gary Gensler will step down from his role on January 20, the agency announced.

"I thank President Biden for entrusting me with this incredible responsibility. The SEC has met our mission and enforced the law without fear or favor," Gensler stated.

Gensler took over at the helm of the SEC in 2021 following the GameStop meme stock craze and was set to serve until 2026. His resignation will be effective one day before Donald Trump steps back into the White House, allowing him to pick a new chair, likely one that is less strict on crypto.

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