Krutika Adani
Gary Gensler, SEC chair for nearly four years, will step down on January 20, 2025, the day after Trump’s inauguration.
During Gensler's term, the SEC launched enforcement actions against major crypto firms, including Binance, Coinbase, Ripple Labs, and Uniswap Labs.
President-elect Trump signals an immediate replacement for Gensler, potentially reshaping SEC's regulatory approach.
In his farewell, Gensler highlights the SEC’s mission to protect investors and praises the staff for upholding the integrity of US capital markets.