Gold Ten Data News on November 23, Jaime Lizarraga, a Democratic member of the US Securities and Exchange Commission (SEC) five-member committee, said that he will step down more than two years in advance. After the Trump administration takes office in January next year, the committee will only have two Republicans and one Democrat. Lizarraga, a former assistant to former Speaker of the House Pelosi, was appointed to a five-year term at the SEC in 2022; when announcing this decision, he mentioned his wife’s poor health. The day before, SEC Chairman Gensler announced that he would leave the SEC on the day of Trump’s planned inauguration. With Lizarraga’s departure, Republicans will outnumber Democrats at the agency from the first day of the new government, which may enhance their ability to take a completely different approach to policy issues such as regulating cryptocurrency and prosecuting enforcement cases.
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Gold Ten Data News on November 23, Jaime Lizarraga, a Democratic member of the US Securities and Exchange Commission (SEC) five-member committee, said that he will step down more than two years in advance. After the Trump administration takes office in January next year, the committee will only have two Republicans and one Democrat. Lizarraga, a former assistant to former Speaker of the House Pelosi, was appointed to a five-year term at the SEC in 2022; when announcing this decision, he mentioned his wife’s poor health. The day before, SEC Chairman Gensler announced that he would leave the SEC on the day of Trump’s planned inauguration. With Lizarraga’s departure, Republicans will outnumber Democrats at the agency from the first day of the new government, which may enhance their ability to take a completely different approach to policy issues such as regulating cryptocurrency and prosecuting enforcement cases.