The former investment banker never shies from a fight, yet has said he’ll resign from his SEC chair post the same day Donald Trump begins his regulation-slashing presidency.

Gensler took over the SEC in 2021, and under his leadership the commission has taken an ambitious but controversial approach to several regulatory issues, including cryptocurrencies. In addition to Gensler's soon-to-be vacant seat,

Securities and Exchange Commission Chair Gary Gensler plans to resign on Jan. 20, a decision that paves the way for President-elect Donald Trump to reshape the agency into a more favorable environment for crypto and Wall Street.