Donald Trump In, Gary Gensler Out: SEC Boss to Leave Office on Inauguration Day
The US Securities and Exchange Commission has confirmed the looming departure of its Chair Gary Gensler, set for January 20, 2025, interestingly coinciding with President-elect Donald Trump's inaug...
The US Securities and Exchange Commission has confirmed the looming departure of its Chair Gary Gensler, set for January 20, 2025, interestingly coinciding with President-elect Donald Trump's inauguration.
On his campaign trail, Trump promised the crypto community to fire Gensler, who was known for his stringent stance on the sector’s regulations. Gensler’s tenure, which began in April 2021, was marred by challenges such as the GameStop saga and volatile crypto markets.
US Capital markets
However, according to the SEC, Gensler spearheaded reforms to make US capital markets more efficient, transparent, and fair. From high-impact enforcement actions to sweeping rule changes, the regulator praised his leadership as having left a lasting imprint on the financial world.
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