SEC chair Gary Gensler will step down on January 20; it has been traditional for SEC chairs to resign if the administration changes in the middle of their term (Brady Dale/Axios)

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Brady Dale / Axios:
SEC chair Gary Gensler will step down on January 20; it has been traditional for SEC chairs to resign if the administration changes in the middle of their term  —  - “I thank President Biden for entrusting me with this incredible responsibility. … The agency had resisted launching exchange …

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3. SEC chair Gary Gensler will step down on January 20; it has been traditional for SEC chairs to resign if the administration changes in the middle of their term (Brady Dale/Axios)