Gary Gensler, SEC's Chair announces his early resignation on Donald Trump inauguration day

Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), has announced his resignation effective January 20, 2025, aligning with President-elect Donald Trump's inauguration. Appointed by President Biden in 2021, Gensler's tenure was marked by a rigorous approach to financial regulation, notably intensifying oversight of the cryptocurrency sector. His departure is anticipated to lead to significant shifts in the SEC's regulatory direction under the incoming administration.

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