Congressman Flood: Gensler Leaves Legacy of Overreach & Chaos

WASHINGTON, D.C. – Today, U.S. Congressman Mike Flood issued a statement following Securities and Exchange Commission (SEC) Chair Gary Gensler’s announcement that he planned to resign his position effective January 20, 2025.

“Chair Gensler’s decision to step down in January comes none too soon. When he leaves the SEC, he will leave a legacy of overreach and chaos. During his tenure, he pushed ESG on investors, tried to quash up-and-coming crypto markets, and refused to work with Congress on a digital assets framework. The world looks to the United States for clarity and stability in financial markets, and Chair Gensler has delivered neither. I look forward to seeing whom President Donald Trump nominates and will collaborate with his administration to help restore trust in the SEC.”