#Gensler to Step Down as SEC Chair#

Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC), will step down on January 20, 2025. Gensler announced this himself on November 22, 2024. He has only 13 days left in office. Notably, Donald Trump, the elected Republican President of the United States, announced on December 5, 2024, that he would nominate Paul Atkins to be the next SEC Chair. This means that Atkins will take over as SEC Chair after Gensler steps down. During his tenure, the SEC has taken an active approach to cryptocurrency regulation, imposing strict regulations on cryptocurrency exchanges and issuers. Atkins, as a Republican, may have a different regulatory stance on cryptocurrencies than Gensler. Therefore, Gensler's departure and Atkins's succession could have a significant impact on U.S. cryptocurrency regulatory policy.