SEC Chairman Gary Gensler to Resign January 20, 2025, After Three Years, Amid Speculation of Crypto Regulatory Shift

Nov 24, 2024, 04:24 PM

Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), will resign on January 20, 2025. His departure is anticipated to lead to a potential regulatory shift that could alleviate pressures on U.S.-based cryptocurrency firms. Gensler, who has been in the role for three years, is known for his stringent approach to crypto regulation, including legal disputes with firms such as Grayscale over Bitcoin ETFs and Coinbase regarding its handling of cryptocurrencies. Speculation is mounting about who will succeed him, with discussions around a more pro-crypto chair potentially taking the position under a future administration, possibly that of Donald Trump.