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News

SEC Chair Gary Gensler to Resign

Gensler announced plans to leave his position in January 2025.
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Nov 21, 2024 • 1 min read

Securities and Exchange Commission (SEC) Chair Gary Gensler will relinquish his position and step down from the Commission effective January 20, 2025.

What's the scoop?

  • Resignation Notice: SEC Chair Gensler, a figurehead in the assault against digital assets issuers who has seemingly prevented the crypto clarity with respect to securities regulations, has announced his intention to vacate the Commission once the incoming Trump Administration is sworn in.

Bankless take:

Crypto investors have become invigorated with hope that the election of an auspiciously pro-crypto Donald Trump and Republican Congress will finally provide the industry with regulatory clarity; Gensler's impending resignation should enable President Trump to appoint at least one new SEC commissioner and follow through on campaign promises.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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