Quick Update: We expect a New SEC Chair by April/May 2025

New SEC Chair by April/May 2025

The Chair of the U.S. Securities and Exchange Commission (SEC) typically resigns when a new president takes office, aligning with the incoming administration's preferences. For instance, Jay Clayton, appointed by President Trump, voluntarily ended his term on December 23, 2020, before President Biden's inauguration. Similarly, Mary Jo White, appointed by President Obama, served until January 20, 2017, the day of President Trump's inauguration. This practice allows the new president to appoint a chair who aligns with their policy objectives.

Although Mary Jo White resigned in January 2017, it wasn’t until May 4, 2017, that Jay Clayton was confirmed as the new SEC Chair. Clayton later stepped down in December 2020 following President Biden's November election, and Gary Gensler was confirmed by April 19, 2021. If these historical patterns hold, Gary Gensler may resign in December or January, with a new SEC Chair potentially confirmed by April or May.