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Another SEC Democrat to Drop Out, Leaving Republicans Running Agency by February

Author: Content Editor
The Democratic commissioner on the Securities and Exchange Commission, Jaime Lizárraga, has announced that he will be leaving the agency on January 17. This will leave the SEC with a Republican majority and potentially speed up the process of redirecting the regulator's policies. Lizárraga's departure, due to his wife's illness, comes after Chair Gary Gensler announced his resignation earlier this week. Under Gensler's leadership, the SEC has taken an aggressive stance against cryptocurrency companies, arguing that many platforms are operating as unregistered securities exchanges. The new commission will inherit ongoing enforcement actions and legal battles surrounding the classification of tokens as securities.

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