PANews reported on January 21 that the U.S. Securities and Exchange Commission (SEC) issued a statement announcing that Gary Gensler has officially stepped down as chairman. The statement was jointly issued by SEC Commissioners Hester Peirce, Caroline Crenshaw, and Mark Uyeda, reviewing Gensler's contributions since he became chairman in 2021 and highly praising his rich career in public service.

Gensler previously served as Chairman of the Commodity Futures Trading Commission (CFTC) and Under Secretary of the U.S. Treasury Department for Domestic Financial Affairs, and has extensive experience in the financial market. During his tenure at the SEC, he promoted a number of important policies, including strengthening market integrity and corporate governance, simplifying fund disclosure processes, shortening settlement time, and reforming corporate insider stock trading programs. In addition, he led the team to recover billions of dollars in investor losses and was committed to public investment education.

In its statement, the SEC thanked Gensler for his leadership and the efforts of his team, calling him a strong advocate for American investors and saying his departure marks the end of a phase in his nearly 30-year career in public service.