Despite having a term that extends until 2026, SEC Chair Gary Gensler will resign early, paving the way for former President Trump to appoint a successor.
During his tenure, Gensler spearheaded aggressive cryptocurrency regulations, stricter corporate disclosure requirements, and faster stock settlement timelines.
Trump’s appointee is anticipated to adopt a more market-friendly stance, potentially easing regulations on Wall Street and cryptocurrencies and marking a significant shift in the SEC's approach.