Gary Gensler, the chair of the Securities and Exchange Commission (SEC), announced his resignation effective January 20, 2025, after leading the commission for three and a half years. His resignation comes amid speculation about President-elect Donald Trump's plans to replace him immediately upon taking office. Gensler's tenure began in 2021 and was characterized by a marked increase in enforcement actions related to cryptocurrency, with over 90 cases initiated from 2021 to 2023. He emphasized the importance of compliance for investor protection and market trust, reflecting on the SEC's mission-driven focus. Gensler's departure is consistent with previous SEC chairs who left following changes in presidential administrations. Mark Uyeda is expected to be appointed as the acting chair under Trump's administration, continuing ongoing cases against major crypto exchanges like Coinbase and Binance.

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