Gary Gensler Resignation Likely Before Trump’s Inauguration

Key Points:

• Gary Gensler Resignation is anticipated as the SEC Chairman is expected to step down before Trump’s inauguration, likely after Thanksgiving.
• Potential replacements for Gary Gensler include Mark Uyeda, Paul Atkins, and Brad Bondi, each bringing different views on crypto regulation.

Gary Gensler Resignation is expected as SEC Chairman Gary Gensler is likely to step down after Thanksgiving, opening the door for a new chairman under Trump’s administration.

Gary Gensler Resignation Expected Ahead of Trump’s Inauguration

Fox Business reporter Eleanor Terrett reported that current SEC Chairman Gary Gensler would voluntarily leave his job before the end of his term, which would be in 2026. According to sources, Gensler is expected to announce his resignation after Thanksgiving. His exit will be expected in early January before Trump’s inauguration. The resignation came amidst growing criticism against Gensler and his way of handling the crypto regulation issue.

But the resignation opens discussions about his replacement. While no one has been confirmed for the post, a number of the names being thrown out there are Dan Gallagher, Chief Legal Officer at Robinhood; long-serving SEC veteran Paul Atkins; and legal experts Brad Bondi and Bob Stebbins. Pro-crypto candidates like Atkins and Bondi favor lighter regulatory frameworks to fit into the broader support by Trump for crypto innovation.

Read more: SEC Chair Gary Gensler Hints at Exit Amid Trump’s Victory

Candidates Emerge Amid Gary Gensler Resignation Speculation

With Gary Gensler’s resignation expected to come at any moment, speculation is rife over who might take over as head of the SEC. While Gallagher has been said to be reluctant because of his current role at Robinhood, other contenders are moving up the leaderboard. Paul Atkins is a very loud pro-crypto advocate who sits on the board of the Digital Chamber of Commerce and co-chairs the Token Alliance. Brad Bondi, on the other hand, has advised several DeFi projects and is considered pro-cryptocurrencies.

The other candidates could be GOP SEC Commissioner Mark Uyeda, expected to become the acting chair if Gensler leaves; and former CFTC Chair Heath Tarbert. The Loudest and Proudest of these candidates was former SEC Investment Management Director Norm Champ, who added to the competitive mix of applicants in line for the job. This would allow Trump to make a change in the regulatory position of the SEC to make it more crypto-friendly.