The U.S. Securities and Exchange Commission (SEC) has officially announced the end of Gary Gensler’s term as Chairman. According to the agency, today is Gensler’s last day at the SEC, marking the end of the leadership role he has held since assuming the role in 2021.
In noting Gensler’s contributions, the SEC noted his extensive career in public service. Prior to joining the Commission, Gensler served as Chairman of the Commodity Futures Trading Commission (CFTC), Under Secretary of the Treasury for Domestic Finance, Deputy Assistant Secretary of the Treasury for Financial Markets, and Senior Advisor to U.S. Senator Paul Sarbanes. His extensive experience in financial markets was a cornerstone of his leadership at the SEC, according to the release.
“Chairman Gensler has a long career in public service,” the SEC said. “Gensler brings his extensive experience and knowledge of the financial markets to his role as Chairman, and we work together to advance the Commission’s mission of protecting investors, maintaining fair, orderly and efficient markets, and promoting capital formation.”
“As commissioners, we approach policy issues from different perspectives, yet we maintain dignity in our differences,” the statement said. “Chairman Gensler is committed to bipartisan cooperation and the respectful exchange of ideas, and this has helped us improve our service to the American people. For this, we are deeply grateful.”
The SEC was known for the harsh sanctions and lawsuits it filed against the cryptocurrency world.
*This is not investment advice.
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