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Turnover at SEC continues as Lizárraga announces January exit

SEC Commissioner Jaime Lizárraga will step down on January 17, following SEC Chair Gary Gensler's planned departure, which signals a shift in the agency's leadership. Lizárraga, who joined the SEC in the 1990s and worked on significant financial legislation, is leaving to support his wife's cancer battle. Gensler's tenure was known for strict crypto regulation, which could change under new leadership as President-elect Donald Trump takes office. Financial firms are already responding, with several filings for Solana exchange-traded funds submitted just as Gensler’s departure was announced. The SEC is poised for a potentially friendlier stance on digital assets.