SEC Chair Gensler announces departure, pursued hotly debated AI regulation

Securities and Exchange Commission Chair Gary Gensler will step down on Jan. 20 as the Trump administration takes office, following a term in which he sought to put the SEC’s regulatory stamp on artificial intelligence amid intense industry opposition, while wielding enforcement authority over potential misuses of the technology.

Business groups and GOP lawmakers were deeply concerned about Gensler’s AI regulatory agenda, although his major rulemaking in the area – addressing potential broker-dealer conflicts of interest – bogged down...