Democratic SEC Commissioner Lizárraga Resigns January 17 Amid Trump Takeover

Nov 22, 2024, 05:41 PM

Jaime Lizárraga, a Democratic Commissioner at the U.S. Securities and Exchange Commission (SEC), has announced his resignation effective January 17, 2025, as the Trump administration takes over. His departure will leave the SEC with a single Democratic commissioner, Caroline Crenshaw. Lizárraga, known for opposing spot Bitcoin ETFs, has been part of the commission's recent policy shifts. His exit, alongside another Democratic resignation, could potentially give Republicans a boost in shaping the SEC's future direction.