SEC Leadership Exodus Sparks Major Regulatory Changes

As the U.S. Securities and Exchange Commission (SEC) experiences a significant leadership turnover with the resignation of several senior officials, including Chairman Gary Gensler, the agency prepares for new appointees under President-elect Donald Trump. The departures come amid heightened enforcement actions, including settlements with the Digital Currency Group and penalties against Vanguard Group Inc. Meanwhile, Trump's return to power is marked by a strengthened Republican majority in Congress, allowing him greater leeway to implement his agenda without facing major Democratic resistance. California lawmakers are also actively preparing to counter potential Trump policies, allocating $50 million to safeguard against mass deportations and support illegal immigrants. The incoming administration's anticipated changes are prompting reactions across various sectors, including the military, where DEI policies are under scrutiny. These developments highlight the shifting political landscape as Trump re-enters the White House.