The former investment banker never shies from a fight, yet has said he’ll resign from his SEC chair post the same day Donald Trump begins his regulation-slashing presidency.

U.S. Securities and Exchange Commission (SEC) chair Gary Gensler announced on Thursday that he was planning to exit the agency on January 20, the same date President-Elect Donald Trump will be sworn into his second term.

Securities and Exchange Commission Chair Gary Gensler will step down from his post on January 20. Since taking the lead at the SEC, the commission was aggressive in its oversight of cryptocurrencies and other regulatory issues.

SEC Chair Gary Gensler announced that he will resign from his role leading the financial regulator on Inauguration Day when President-elect Trump takes office.

Crypto bulls have been cheering after U.S. Securities and Exchange Commission Chair Gary Gensler announced he will leave his post on Jan. 20, exiting the Wall Street watchdog as President-elect Donald Trump is inaugurated.

The head of the US financial regulator, Gary Gensler, will resign from his role on the day of President-elect Donald Trump’s inauguration.Mr Gensler confirmed the news on social media platform X after the Securities and Exchange Commission (SEC) said its 33rd chairman would step down on 20 January next year.

Securities and Exchange Commission (SEC) Chair Gary Gensler announced Thursday he will step down when President-elect Donald Trump assumes office on Jan. 20.

SEC Chair Gary Gensler will step down from his position on Jan. 20, paving the way for President-elect Donald Trump to nominate a new head of financial markets regulation.

Tokens such as XRP and ADA jumped Friday on news that SEC chairman Gary Gensler planned to step down once Trump returns to the White House.

We suspect crypto will get its way, and the next SEC chair will be much more sympathetic to the industry than Gensler has been,” wrote Ian Katz of Capital Alpha Partners in a note shortly after the news of Gensler’s departure broke.