#Gensler Departs as SEC Chair#

Gary Gensler has posted a presumed farewell tweet on social media platform X, announcing his impending departure as Chair of the U.S. Securities and Exchange Commission (SEC). He stated in the tweet that it has been the honor of his life to serve as SEC Chair and to serve the public. Gensler also released a farewell video, reflecting on the accomplishments of the past four years, including updating the rules for stock and bond markets, shortening settlement cycles, and returning over $27 billion to harmed investors. Gensler emphasized the SEC's crucial role in overseeing the markets and ensuring compliance with common-sense rules in American securities law, and listed achievements during his tenure, such as reducing costs and risks, enhancing market integrity, improving transparency and accountability in corporate governance for public companies, establishing data breach notification rules, and laying the foundation for artificial intelligence applications in finance. Gensler's farewell tweet has sparked widespread attention, with speculation swirling about the reasons for his departure and the future direction of the SEC.