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NEWSLETTER BANNER_GENSLER STEPS DOWN.png

Gensler to Step Down: A Shift in US SEC Leadership

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PDAX

November 22, 2024

2 min read

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Gensler Steps Down: A Shift in SEC Leadership (law.com, blockhead.co)

Gary Gensler announced his resignation as chair of the U.S. Securities and Exchange Commission (SEC), effective January 20, coinciding with the inauguration of President-elect Donald Trump. Gensler expressed gratitude for the opportunity to serve and emphasized the SEC’s commitment to protecting investors and maintaining effective markets during his tenure, which began in April 2021.

His leadership was marked by significant regulatory initiatives but faced criticism for his tough stance on the crypto industry, which some believe alienated stakeholders seeking more dialogue. Experts anticipate a change in direction for the SEC under new leadership, especially with potential regulatory reforms on the horizon as the new administration takes office.

DISCLAIMER: PDAX reaffirms that the statements in this article do not constitute financial advice. PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems. Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis.

For inquiries or complaints, please contact us through the following channels:- Chatbot: https://pdax.ph or https://web.pdax.ph/ (click web chat feature)- ‘Customer Support’ webpage at https://support.pdax.ph- Email: support@pdax.phPlease provide us your name, email address, and any other information that we may need to identify you, your PDAX Account, and the particulars of the Order and/or Transaction on which you have feedback, questions, or complaints. If you already have a registered PDAX account, please provide us your registered name and use your registered email address.Philippine Digital Asset Exchange (PDAX), Inc. is an entity regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels: - Email: consumeraffairs@bsp.gov.ph- Webchat: http://www.bsp.gov.ph (click web chat feature)- Facebook: https://www.facebook.com/BangkoSentralngPilipinas- Direct Line: (02) 5306 2584 / (02) 8708 7087- Trunk Line: (02) 8708 7701 loc. 2584- SMS: 21582277 (for Globe subscribers only). For further details, you may refer to BSP's Inclusive Finance - Consumer Protection.

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