Another SEC Democrat to Drop Out, Leaving Republicans Running Agency by February

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CoinDesk 3d ago

Another SEC Democrat to Drop Out, Leaving Republicans Running Agency by February - CoinDesk

Quick Summary:

Another Democratic commissioner on the Securities and Exchange Commission is following Chair Gary Gensler out the door in January, leaving the agency with a Republican majority as it weighs a likely course shift under the new administration of President-elect Donald Trump.

At this point, Caroline Crenshaw will be the sole Democrat on the five-member commission going into 2025, and her term has already expired, putting her into an extension that can last as long as about 18 months.

Gensler said on Friday that Lizárraga "has been steadfastly focused on elevating the interest of everyday Americans".