SEC Gensler reportedly resigned after Thanksgiving

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SEC Chairman Gary Gensler is expected to voluntarily resign after Thanksgiving and leave in early January, before Donald Trump’s inauguration, according to Fox Business producer Eleanor Terrett.

🚨NEW: While @realDonaldTrumpthe choice for @SECGov The presidency remains unknown, it seems increasingly likely that @GaryGensler He will voluntarily resign and choose not to complete his term as commissioner as some had speculated. No one knows when the announcement of his resignation will take place…

– Eleanor Terrett (@EleanorTerrett) November 15, 2024

Although Trump’s choice for the next SEC chairman remains undetermined, several candidates are under consideration. Former SEC Commissioner Dan Gallagher, who currently works at Robinhood, has previously indicated his reluctance to take the position, although sources note the situation remains fluid.

Bob Stebbins, former SEC general counsel under Jay Clayton, was reportedly promoted by Clayton to the transition team. A source close to Stebbins says he would align with Trump’s leadership in the White House if nominated.

Other potential candidates include Brad Bondi, a lawyer at Paul Hastings, and Paul Atkins of Willkie Farr. Both are known to favor less strict regulatory approaches to crypto assets. Atkins currently serves on the Digital Chamber’s board of directors and co-chairs its Token Alliance, where he provides advice on token issuance development.

Former CFTC Chairman Christopher Giancarlo dismissed speculation about his potential appointment to the position.

Earlier this week, with Donald Trump’s election victory, SEC Chairman Gary Gensler’s future seemed uncertain due to Trump’s preference for more cryptocurrency-friendly SEC leadership.

Last month, as Gary Gensler’s controversial tenure as head of US crypto policies came to an end, speculation about his future role continued.

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