SEC Chairman Gary Gensler will leave office on January 20

ChainCatcher news, according to an official announcement, SEC Chairman Gary Gensler will resign on January 20.

The announcement mentioned that in the last full fiscal year, although the cryptocurrency market accounted for less than 1% of the U.S. capital markets, 18% of the tips, complaints, and referrals received by the SEC were related to cryptocurrencies. Courts have supported the Commission's actions to protect investors and dismissed all arguments regarding the SEC's inability to enforce the law when issuing securities—regardless of the form of the securities issuance.

It is reported that Trump's presidential term will also begin on January 20.