SEC General Counsel Megan Barbero to Resign on Trump's Inauguration Day

Megan Barbero, Chief Legal Officer and General Counsel of the US Securities and Exchange Commission (SEC), will resign next week, joining the wave of senior officials who have been responsible for legal battles with the cryptocurrency industry in recent years. Regarding Barbero's departure, SEC Chairman Gary Gensler stated in a statement: "Her thoughtful advice and judgment have been critical to the Commission's decisions." Barbero's departure is scheduled for January 20, coinciding with the inauguration of US President-elect Donald Trump. Barbero is the SEC's Chief Legal Officer, responsible for advising on how the legal department handles disputes with cryptocurrency companies in federal courts and providing guidance on its enforcement stance. Gurbir Grewal, the SEC's enforcement chief, resigned in October, while Paul Munter, the accounting chief responsible for the agency's controversial cryptocurrency accounting policies, announced this week that he will also resign.