Gary Gensler to Step Down as US SEC Chair in January 2025
The US Securities and Exchange Commission (SEC) has announced that Gary Gensler will step down as Chair on January 20, 2025, coinciding with Donald Trump’s inauguration as the 47th president of the United States.
Key Highlights
- Gary Gensler will conclude his tenure as SEC Chair on January 20, 2025.
- This decision follows calls for his resignation after Trump’s victory in the presidential election.
Gensler Reflects on His Tenure
In a statement and a social media post, Gensler confirmed his departure, describing his time at the SEC as the “honor of a lifetime.” He expressed gratitude to President Biden for the opportunity to serve and acknowledged the efforts of his colleagues at the Commission.
Gensler has held the position since April 2021 and has been at the forefront of the SEC’s regulatory actions against the crypto industry. His tenure has been marked by several high-profile litigations, including the ongoing legal battle with Ripple over whether XRP qualifies as a security—a case inherited from his predecessor, Jay Clayton.
While Gensler’s leadership has been praised by some for prioritizing investor protection, his approach toward digital assets has also drawn criticism, particularly from crypto advocates.
