The SEC will lose another commissioner in January after Jaime Lizárraga resigned.

Bloomberg Law says that the former legislative assistant would quit on January 17. The news follows SEC Chair Gary Gensler's departure on January 20.

Three of the five SEC commissioners are Democrats: Lizárraga, Gensler, and Caroline Crenshaw. The two departures left Crenshaw, Hester Peirce, and Mark Uyeda, who dissented on SEC judgments.

As Donald Trump, elected on Nov. 5, takes office amid hopes of a pro-crypto White House, Lizárraga and Gensler will leave. Reports that the Trump administration is considering a “crypto czar” have boosted excitement, even as the sector argues the right SEC Chair.

Lizárraga served on the SEC from 2022 until 2027. With his corporate reporting laws burdening small enterprises, Lizárraga was criticized for overreach. The market also slammed his questionable policies for favoring politics above investment.

“In reflecting on the challenges that lie ahead, we have decided that it is in the best interests of our family to close this chapter in my 34-year public service journey,” he told Bloomberg Law.