#Gensler Steps Down as SEC Chair#

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), formally resigned today, ending his tenure at the agency. Gensler joined the SEC in 2021, bringing extensive experience in financial markets from prior roles including Chair of the Commodity Futures Trading Commission, Deputy Treasury Secretary, and Assistant Treasury Secretary. During his time at the SEC, Gensler dedicated himself to furthering the agency’s mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation. While Gensler differed with other Commissioners on policy issues, he always maintained a respectful and collaborative approach, committed to bipartisan cooperation in serving the American public. Gensler’s departure has drawn widespread attention, with speculation linking his resignation to the SEC’s recent regulatory policies on the cryptocurrency industry.