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United States Securities and Exchange Commission (SEC) Chair Gary Gensler, known for his stringent approach to cryptocurrency regulation, will step down on Jan. 20, 2025, the SEC announced on Nov. 21. Gensler’s departure will coincide with the inauguration of crypto-friendly President-elect Donald Trump for his second term. “It has been an honor of a lifetime to serve with them on behalf of everyday Americans and ensure that our capital markets remain the best in the world,” Gensler said in a statement. In July, Trump vowed to “fire” Gensler as part of his strategy to appeal to crypto advocates ahead of