{"id":3197,"date":"2024-11-23T19:33:29","date_gmt":"2024-11-23T19:33:29","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3197"},"modified":"2024-11-23T19:33:29","modified_gmt":"2024-11-23T19:33:29","slug":"another-sec-departure-commissioner-lizarraga-to-step-down-in-january","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3197","title":{"rendered":"Another SEC Departure: Commissioner Liz\u00e1rraga To Step Down In January"},"content":{"rendered":"
\n

Commissioner Jaime Liz\u00e1rraga of the Securities and Exchange Commission will step down on January 17th, three days before incoming US President Donald Trump\u2019s inauguration. In an interview with Bloomberg Law, the former congressional aide said he plans to leave the SEC to spend more time with his family and attend to the needs of his wife, who\u2019s battling breast cancer.<\/p>\n

Liz\u00e1rraga\u2019s announcement comes days after SEC Chairman Gary Gensler announced on Twitter\/X that he\u2019s stepping down this January 20th, in time for Trump\u2019s second inauguration.<\/p>\n

Liz\u00e1rraga\u2019s departure<\/a> will leave just one Democrat on the agency when Trump starts his second administration.<\/p>\n

\n

\"\ud83d\udea8\"NEW: @SECGov<\/a> Chair @GaryGensler<\/a> has released a statement about Commissioner Liz\u00e1rraga following the news of his departure:<\/p>\n

\u201cJaime Liz\u00e1rraga has been such a dedicated public servant focused on the interests of working families for more than three decades. I\u2019ve had the\u2026 https:\/\/t.co\/faqFYaDaJF<\/a><\/p>\n

\u2014 Eleanor Terrett (@EleanorTerrett) November 22, 2024<\/a><\/p>\n<\/blockquote>\n

Liz\u00e1rraga Cites Personal Reasons Over Departure<\/strong><\/h2>\n

Liz\u00e1rraga confirmed his plans to leave the agency<\/a> in a Bloomberg Law interview on Friday. The commissioner shared that he\u2019s planning to spend more time with family, particularly his wife, Kelly.<\/p>\n

In the same interview, he shared that he reflected on his decision and the challenges ahead and decided to favor his family. Liz\u00e1rraga was a former aide of Rep. Nancy Pelosi of California and joined the agency in 2022, with his term expiring in 2027.<\/p>\n

<\/p>\n

During his stay at SEC, Liz\u00e1rraga advocated for corporate responsibility and reporting on climate risks and data breaches. He further shared that he\u2019ll remain committed to his work at the agency until his last day in office.<\/p>\n

\"\"<\/p>\n

A Republican-Led SEC To Start Trump\u2019s 2nd Administration<\/strong><\/h2>\n

The regulatory body has five commissioners appointed by the president with the permission and advice of the Senate. Three commissioners are Democrats, including Chairman Gensler, Liz\u00e1rraga, and Caroline Crenshaw.<\/p>\n

\n

SEC Commissioner Jaime Liz\u00e1rraga intends to step down on Jan. 17, leaving just one Democrat on the commission when President-elect Donald Trump returns to office.https:\/\/t.co\/4ldjA8rEkR<\/a><\/p>\n

\u2014 Bloomberg Law (@BLaw) November 23, 2024<\/a><\/p>\n<\/blockquote>\n

With Liz\u00e1rraga and Gensler announcing their departures this week, only Crenshaw, Hester Peirce, and Mark Uyeda remain. Interestingly, Peirce and Uyeda have offered dissenting voices in various SEC decisions.<\/p>\n

With President Donald Trump taking office, many expect the agency to adopt crypto-friendly policies and rules. With Gensler and Liz\u00e1rraga leaving by January, the cryptocurrency industry can potentially welcome a friendlier industry.<\/p>\n

No Confirmation Yet On New Chair, Commissioners<\/strong><\/p>\n

The SEC has received much criticism over its aggressive regulation and implementation these past few months. Trump has promised to remove Gensler from his post once he wins and pledges to stop the aggressive attacks on cryptocurrencies.<\/p>\n

Also, Trump hasn\u2019t announced the replacement for Gensler and Liz\u00e1rraga. Plenty of top-caliber names, including former commissioner Paul Atkins and Robert Stebbins, have been floated recently to take these positions. Dan Gallagher is another name floated by some, but he has stated that he\u2019s not interested in leading the office.<\/p>\n

Featured image from Pixabay, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Commissioner Jaime Liz\u00e1rraga of the Securities and Exchange Commission will step down on January 17th, three days before incoming US President Donald Trump\u2019s inauguration. In an interview with Bloomberg Law, the former congressional aide said he plans to leave the SEC to spend more time with his family and attend to the needs of his […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3197","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3197"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3197\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}