#Gary Gensler Steps Down as SEC Chair#

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Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), has officially stepped down. Gensler joined the SEC in 2021 after serving as Chair of the Commodity Futures Trading Commission and Deputy Secretary of the Treasury. During his tenure, he focused on protecting investors, maintaining market fairness, promoting capital formation, and driving progress in SEC's regulation of cryptocurrencies. Although Gensler had some disagreements with certain commissioners during his time, the SEC stated that he was committed to bipartisan collaboration and respectful exchange of ideas.

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The U.S. Securities and Exchange Commission (SEC) has issued a statement announcing the formal departure of Chairman Gary Gensler. Gensler joined the SEC in 2021, having previously served as Chairman of the Commodity Futures Trading Commission, Deputy Secretary of the Treasury for Domestic Finance, Assistant Secretary of the Treasury for Financial Markets, and a senior advisor to U.S. Senator Paul Sarbanes. He brings a wealth of experience and expertise in financial markets and has been committed to protecting investors, maintaining fair, orderly, and efficient markets, and fostering capital formation. Despite disagreements on policy matters, the SEC Commissioners have conducted themselves with dignity amidst their differences and thank Chairman Gensler for his commitment to bipartisan cooperation and respectful exchange of ideas. Gensler’s departure marks the completion of one of the "Ten Crypto Policies" promised by Trump, which has also sparked speculation about the SEC’s future direction in crypto regulation.

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Gensler has worked to protect investors, maintain fair, orderly, and efficient markets, and foster capital formation during his tenure at the SEC.

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Gensler has advanced the Commission's mission during his tenure at the SEC and has consistently strived for bipartisan collaboration and respectful exchange of ideas.

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Gensler has maintained decorum during his tenure at the SEC, despite disagreements with Commissioners on policy matters.

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Gensler has brought a wealth of financial market experience and knowledge to the chairmanship during his tenure at the SEC.

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