Securities and Exchange Commission Chair Gary Gensler plans to resign on January 20, a decision that could pave the way for President-elect Donald Trump to reshape the agency into a crypto-friendly environment.

Gensler, a nominee of President Joe Biden who began his role in April 2021, led an agency that cracked down on cryptocurrencies and other regulatory issues. His resignation, announced on Thursday, paves the way for Trump to select a replacement immediately.

SEC commissioners serve five-year terms, so Gensler could have stayed in his position longer. But Trump had pledged on the campaign trail........

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