One SEC commissioner down before Trump’s term — Gary Gensler is next
Jaime Lizárraga will leave the SEC on January 17, 2024, as the new presidential administration prepares to take office. SEC Chair Gary Gensler is expected to resign on January 20, creating a staffing gap. Remaining commissioners will be Hester Peirce, Caroline Crenshaw, and Mark Uyeda. Crenshaw's term ends in June 2024 but may extend until 2025 unless replaced. Trump’s campaign promised to remove Gensler, who announced his resignation after the election. Trump plans to nominate former commissioner Paul Atkins as Gensler's replacement. The SEC is preparing for a transition prioritizing crypto regulation. Ongoing enforcement actions against crypto firms, including Ripple Labs, Coinbase, and Binance, may be affected under the new administration, with potential freezes on cases not involving fraud allegations.
