With Donald Trump’s new administration set to take over, the US Securities and Exchange Commission (SEC) is anticipating significant changes in staffing and policy direction.
Lizárraga and Gensler's Departure
SEC commissioner Jaime Lizárraga announced his departure from the agency on January 17, according to sources. SEC Chair Gary Gensler is also expected to step down on January 20 with Trump's inauguration.
Transition to the Trump Administration
Reports indicate that Trump’s administration will likely prioritize cryptocurrency. Several staffing changes are anticipated, including the nomination of Paul Atkins as SEC Chair to replace Gensler.
Future of Cases Against Crypto Firms
The new administration faces a decision on whether to continue or change course on the cases against cryptocurrency companies. Reports suggest the SEC could freeze enforcement actions not involving fraud.
Changes in SEC leadership could affect the regulation of the cryptocurrency market and the outcome of ongoing cases against companies like Ripple and Coinbase.
