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Top US Securities Regulator To Exit, Clearing Way For Trump Pick

SEC Gary Gensler X Donald Trump Joe Biden United States Crypto Kristin Smith Coinbase

Gary Gensler will step down as chair of the US Securities and Exchange Commission (Credit: AFP)

The top US securities regulator, a skeptic towards cryptocurrency who was appointed by President Joe Biden, announced Thursday he will step down in January when Donald Trump takes office.

Gary Gensler, chair of the Securities and Exchange Commission (SEC), said he will resign on January 20, the same day Trump assumes the presidency. The move clears the way for the president-elect to pick Gensler's successor.

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