Catenaa, Tuesday, November 19, 2024-Securities and Exchange Commission (SEC) Chair Gary Gensler stirred resignation speculation during a speech at the 56th Annual Institute on Securities Regulation in New York City.
“I’ve been proud to serve with my colleagues at the SEC who, day in and day out, work to protect American families on the highways of finance,” Decrypt reported as Gensler saying at the 56th Annual Institute on Securities Regulation on Monday at the Practicing Law Institute in New York City.
Gensler, who did not officially announce his resignation, expressed pride in his service at the SEC, citing his work with colleagues to protect American families. His remarks come after President-elect Donald Trump’s promise to dismiss him on day one of his administration.
Gensler’s past-tense comments fueled rumors, especially as Trump has repeatedly criticized Gensler’s stance on cryptocurrency regulation, notably his battle with firms like Ripple, Coinbase, and Uniswap.
The SEC Chair has been a polarizing figure in the crypto space, with many within the industry viewing his aggressive enforcement actions as detrimental to growth.
Despite the speculation, Gensler’s term runs until 2026, and the president can only remove an SEC chair for specific causes like inefficiency or malfeasance. Industry insiders have suggested possible replacements, including Robinhood’s legal officer Dan Gallagher and SEC Commissioner Hester Peirce.
