SEC Chair Gary Gensler Announces Departure from SEC

On November 21, 2024, SEC Chair Gary Gensler announced his departure from the SEC on Twitter (nobody calls it X) to take effect on January 20, 2025. The SEC contemporaneously issued a press release announcing the news and recounting the agency's accomplishments under Gensler's tenure. For what it's worth, I consider Mr. Gensler to have been the most effective Chair of the SEC during my continuing tenure of over 20 years practicing as a capital markets lawyer. Not only did Mr. Gensler lead the SEC through COVID providing regulatory clarity at a time when clarity was crucial, he also implemented the most extensive regulatory reforms of the CFTC while he was leading that agency in the wake of Lehman's insolvency. I believe Mr. Gensler embodies a true commitment to the public good of the United States and the entire world of capital markets. The world would be a better place if more were like him.