PANews reported on November 9 that according to Coindesk, US President-elect Donald Trump has received support from many cryptocurrency industry leaders, and one of the most important promises Trump made to get the cryptocurrency community on his side is to "fire Gary Gensler on his first day in office."
Analysts believe that Trump cannot force Gary Gensler to resign as a commissioner of the U.S. Securities and Exchange Commission, but he can appoint a new interim chairman immediately after taking office on January 20, and he can also nominate a new commissioner to the U.S. Senate (but must be approved by the Senate). Given that the Republicans flipped several seats in Tuesday's presidential election and regained control of the Senate, Trump's choice is likely to be passed in the vote, and the new chairman may take office within a few months.
Take Gary Gensler as an example. He was nominated by the current US President Joe Biden on February 3, 2021, approved by the Senate on April 14, 2021, and then sworn in on April 17, 2021. Analysis points out that Gary Gensler may also choose to resign before Trump takes office. If this happens, Biden will need to appoint an interim chairman from the remaining Democratic committee members until Trump takes office, and then Trump will appoint an interim chairman after taking office.
