According to CoinDesk, Democratic Securities and Exchange Commission (SEC) Commissioner Jaime Lizárraga announced that he and Commissioner Gary Gensler will resign on January 20th of next year (local time). This will leave the SEC with two Republican commissioners and one Democratic commissioner. The media outlet explained, "The announcement of the Democratic commissioner's resignation could give strength to the Republican Party's efforts to change the direction of SEC policy," and "If President-elect Donald Trump appoints one of the current Republican commissioners as acting commissioner (Mark Uyeda is highly likely), he will begin to change the agency's policy priorities and legal stance on cryptocurrencies."
SEC Democratic Commissioner Resigns, Facilitating Change in Agency Policy Direction
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