Gary Gensler’s Departure from SEC Likely Before January, Pro-Crypto Candidates Emerge

Gary Gensler is expected to announce his SEC resignation after Thanksgiving, with his exit likely before January.

Robert Stebbins, backed by Jay Clayton, emerges as a top contender for SEC Chair amid growing discussions in Washington.

Pro-crypto candidates like Paul Atkins and Brad Bondi advocate for lighter regulatory approaches, fueling speculation over Gensler’s successor.

Fox Business reporter Eleanor Terrett has revealed that SEC Chair Gary Gensler is likely to announce his resignation soon. Gensler, whose term would have extended until 2026, is likely to step down voluntarily, according to insider reports. Speculation suggests that his announcement may follow Thanksgiving, with his exit anticipated before January, ahead of Donald Trump’s inauguration.

Potential Candidates

As discussions about Gensler’s replacement intensify, several names have emerged. Robert Stebbins, a partner at Willkie Farr & Gallagher and former SEC General Counsel, is gaining traction

Sources indicate that Jay Clayton, former SEC Chair, has been lobbying for Stebbins’ nomination. While not a cryptocurrency expert, Stebbins is expected to align his views with the incoming administration.

Other notable contenders include Dan Gallagher, Robinhood’s Chief Legal Officer, and Brad Bondi, a Paul Hastings lawyer who has advised several DeFi projects. However, Gallagher reportedly expressed reluctance due to his current role at Robinhood

Meanwhile, former SEC Commissioner Paul Atkins, known for his pro-crypto stance, remains a strong candidate. Atkins, who advises on token issuances, is also considered a key figure in shaping a lighter regulatory approach.

Speculation Around Additional Nominees

Further names circulating in Washington include Heath Tarbert, former CFTC Chair; Brian Brooks, ex-Acting Comptroller of the Currency; and Norm Champ, former SEC Investment Management Director

Notably, Champ recently stated on Fox Business that he would accept the role if approached. GOP SEC Commissioners Mark Uyeda and Hester Peirce have also been mentioned. While Uyeda is reportedly open to serving as chair, Peirce has privately expressed disinterest in the position.

The race to fill the SEC Chair seat is intensifying as the incoming administration weighs its options. With various candidates representing diverse regulatory philosophies, the decision is expected to have significant implications for U.S. financial policy. Each contender’s approach to digital assets and broader market oversight remains a key focus in Washington discussions.