SEC Chair Gary Gensler is set to step down on January 20th.

BlockBeats News, November 22nd, according to official sources, SEC Chairman Gary Gensler will resign on January 20th.

The official announcement mentioned that in the last full fiscal year, although the cryptocurrency market accounted for less than 1% of the U.S. capital market, 18% of the reports, complaints, and referrals received by the U.S. Securities and Exchange Commission were related to cryptocurrency. Courts across the board have supported the Commission's investor protection actions and rejected all arguments that the SEC could not enforce the law when securities are issued—regardless of the form of securities issuance.

It is worth noting that Trump had promised that if he won the election, he would fire Gary Gensler, and Trump's presidential term also begins on January 20th.