#Gensler Steps Down as SEC Chair#

Gary Gensler is set to step down as Chair of the U.S. Securities and Exchange Commission (SEC). He posted a seemingly farewell tweet on the social media platform X, saying that serving as SEC Chair was the honor of his life. He reflected on the accomplishments of the past four years, including updating rules for the stock and bond markets, shortening settlement cycles, and returning over $27 billion to harmed investors. He emphasized the SEC's critical role in overseeing the markets and ensuring compliance with common-sense rules under U.S. securities laws, and listed several key achievements during his tenure, such as lowering costs and risks, enhancing market integrity, improving the transparency and integrity of corporate governance at publicly traded companies, establishing data breach notification rules, and laying the groundwork for the application of artificial intelligence in the financial sector. Gensler's farewell video has also been released, where he again expresses his gratitude for the honor of serving as SEC Chair.