Hunton Retail Law Resource

The inauguration of President Donald J. Trump on January 20, 2025, will lead to a change in control of  the Securities and Exchange Commission (“SEC”). On November 21, 2024, current SEC Chair Gary Gensler announced that he will resign his position at 12:00 p.m. on January 20, 2025. The next day, Commissioner Jaime Lizárraga (D) also announced his intent to step down, effective January 17, 2025. These key departures will leave a 2-1 Republican majority at the SEC at the start of the next administration.