Gensler OUT! Trump’s Crypto Czar IN? Major Shakeup Coming to the U.S. SEC

The U.S. Securities and Exchange Commission (U.S. SEC) announced that the regulator’s 33rd Chair, Gary Gensler, will step down from his post on

The U.S. Securities and Exchange Commission (SEC) announced on Monday that its 33rd Chair, Gary Gensler, will step down from his post on January 20, 2025, which also marks the inauguration day of President-elect Donald Trump.

These two big moves will clearly benefit the crypto industry not just in America but around the globe—from mass adoption to the crypto market.

Gensler Out

In a press release, the U.S. SEC said that Gensler’s resignation will be effective at 12:00 p.m.

“He led the agency through a robust rulemaking agenda to enhance efficiency, resiliency, and integrity in the U.S. capital markets. He also oversaw high-impact enforcement cases to hold wrongdoers accountable and return billions to harmed investors.”

According to the Commission, under Gensler’s leadership, the U.S. SEC has”

“The Securities and Exchange Commission is a remarkable agency. The staff and the Commission are deeply mission-driven, focused on protecting investors, facilitating capital formation, and ensuring that the markets work for investors and issuers alike. It has been an honor of a lifetime to serve with them on behalf of everyday Americans and ensure that our capital markets remain the best in the world. I thank President Biden for entrusting me with this incredible responsibility. The SEC has met our mission and enforced the law without fear or favor.”

Since Gensler assumed office, multiple crypto-related cases have been filed that cause FUD to the industry.

Who is Gary Gensler Before Becoming a U.S. SEC Chair? Gensler earned his undergraduate degree in economics in 1978 and his MBA from The Wharton School, University of Pennsylvania, in 1979.

Crypto Czar In

First reported by Bloomberg, Trump’s team is purportedly talking to industry executives, including Coinbase CEO Brian Armstrong and former Coinbase executive Brian Brooks, to decide whether a White House role that will focus on crypto policies is needed.