As expected, Gary Gensler will be stepping down as the chair of the U.S. Securities and Exchange Commission (SEC) when the new U.S. administration takes office in January.<\/p>\n
The SEC confirmed that Gensler, who was tapped to head the SEC back in April 2021, will be leaving his role on Jan. 20, 2025.<\/p>\n
It is common practice for senior officials in U.S. regulatory agencies to be replaced when the government changes hands.<\/p>\n
In the immediate aftermath of the U.S. election, it was widely assumed that Gensler would leave the SEC.<\/p>\n
A number of possible replacements have been floated, including previous Republican-appointed regulators such as Christopher Giancarlo, Paul Atkins, Daniel Gallagher, Mark Ueyda and Elad Roisman.<\/p>\n
Whoever takes the role, it’s expected that the SEC will shift tack from its priorities during Gensler’s tenure. Under his direction, the agency undertook major reforms in a variety of areas such as market structure, while stepping up enforcement and dealing with the rise and fall of the crypto sector.<\/p>\n
Increasingly, the agency faced growing pushback from industry firms on a range of issues, including reforms in private markets and proposed climate disclosure rules.<\/p>\n
Previously, Gensler chaired the U.S. Commodity Futures Trading Commission, worked in the U.S. Treasury and was a partner at Goldman Sachs. Prior to joining the SEC, he was also a professor at the MIT Sloan School of Management.<\/p>\n","protected":false},"excerpt":{"rendered":"
Departure clears the way for Republicans to name new top regulator<\/p>\n","protected":false},"author":147314,"featured_media":82395,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2324],"tags":[37533,3609,2355,102170,2443,54454,2515,2784],"yst_prominent_words":[2115,75377,62082,9173,1695,5073,6235,8001,8420],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/497170"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/147314"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=497170"}],"version-history":[{"count":4,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/497170\/revisions"}],"predecessor-version":[{"id":497198,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/497170\/revisions\/497198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media\/82395"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=497170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=497170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=497170"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=497170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}