SEC commissioner Roisman announces departure

On December 20, Elad Roisman, a Republican commissioner on the Securities and Exchange Commission, announced that he will be stepping down at the end of January. 

A Trump appointee, Roisman has served at the SEC since 2018, including a brief tenure as acting chairman in the months before President Biden took office and appointed Gary Gensler.

Roisman’s term formally lasts until 2023. His announcement gave limited details as to his plans or reasoning, simply calling his tenure “the greatest privilege of my professional life.”

The news is part of a shift in the dynamics of the agency. Roisman and colleague Hester Peirce have publicly disagreed with Gensler’s resource allocation, and especially its revisiting of old rules rather than putting out new guidance for emerging areas like digital assets.