Gary Gensler, Chair of the United States Securities and Exchange Commission (SEC), will step down on January 20, 2025, the same day President-elect Donald Trump begins his second presidential term. Gensler’s resignation marks a significant leadership change for the SEC,

The head of the US financial regulator, Gary Gensler, will resign from his role on the day of President-elect Donald Trump’s inauguration.Mr Gensler confirmed the news on social media platform X after the Securities and Exchange Commission (SEC) said its 33rd chairman would step down on 20 January next year.

Securities and Exchange Commission Chair Gary Gensler will step down from his post on January 20. Since taking the lead at the SEC, the commission has been aggressive in its oversight of cryptocurrencies and other regulatory issues.