Gensler will step down as SEC Chair and depart from the agency entirely on Jan. 20, 2025, when President-elect Donald Trump starts his presidential term.
Kraken won’t get the chance to appeal a California District Court judge’s decision that found the SEC had adequately alleged it sold unregistered securities.
US Securities and Exchange Commission Chair Gary Gensler has not announced he will leave the commission, nor has Donald Trump suggested a possible replacement.