Gary Gensler to Resign as SEC Chair Amidst Crypto Controversies

Gary Gensler, the current chairman of the U.S. Securities and Exchange Commission (SEC), will resign on January 20, coinciding with President-elect Donald Trump's inauguration. Gensler, appointed in 2021, has been a controversial figure due to his stringent enforcement actions against cryptocurrency firms, which contrasts with Trump's pro-crypto stance. Trump's administration is expected to ease regulations on the crypto industry, which has seen rising values since his election. Gensler's tenure also included significant reforms in financial market regulations.