In a recent development, the US Securities and Exchange Commission (SEC) Chair Gary Gensler has announced that he will step down from his position. This decision comes following calls for Gensler to resign since Donald Trump won the US presidential elections.

Gary Gensler To Step Down As US SEC Chair

In an X post, Gary Gensler announced that he will step down as the US SEC Chair on January 20, 2025. Interstingly, this comes on the same day when Donald Trump will be inaugurated as the 47th president of the United States.

Following his announcement, Gensler used the opportunity to also reflect on his time at the Commission. He remarked that it has been an “honor of a lifetime” to serve alongside those at the SEC. He also thanked President Biden for the opportunity to serve in the position. Gensler has been the US SEC Chair since 2021. During his time, he has spearheaded several litigations against the crypto industry.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

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