As Gary Gensler prepares to resign, SEC commissioner Jaime Lizárraga announced his departure from the agency, effective January 17. This resignation follows the expected exit of SEC Chair Gensler on January 20, coinciding with Donald Trump's inauguration. Gensler's departure aligns with Trump's campaign promise to remove him, particularly due to criticisms from the crypto industry. Following Gensler's exit, the SEC will consist of Hester Peirce, Caroline Crenshaw, and Mark Uyeda. Crenshaw’s term is set to end in June 2024 but may continue through 2025 unless replaced by a Trump nominee. The new administration's approach to crypto enforcement is uncertain, especially concerning ongoing cases against firms like Ripple Labs and Coinbase. The potential changes in leadership may lead to differences in how the SEC manages its regulatory stance towards cryptocurrency firms, affecting cases not involving fraud allegations as discussed in the past. The transition comes as regulatory agencies prepare for changes under the incoming Trump administration.

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