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International Business Times

Business

Marvie Basilan

SEC Chair Resignation Patterns Since 2016 – Will Gary Gensler Resist Or Follow Suit?

Gary Gensler SEC Donald Trump Crypto Commission Jay Clayton Joe Biden Mary Jo White James Murphy White House

SEC Chair Gary Gensler responds to GOP House Financial Services Committee Chair Patrick McHenry's question regarding Ether's legal status. (Credit: GOP House Financial Services YouTube Channel / Video Screenshot)

KEY POINTS

Former Chairs Mary Jo White and Jay Clayton both resigned within weeks after a new president was elected
Crypto users and industry experts believe it is best for Gensler to follow suit before he gets 'forced out'
Gensler still has more than a year left in his term that marked Wells Notices and lawsuits against crypto firms

The U.S. Securities and Exchange Commission (SEC) has been at center of talks within the cryptocurrency space in recent days, especially after Donald Trump swept the 2024 U.S. presidential elections to pave the way for his re-entry into the White House.

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