After the US election, people are wondering what will happen to SEC Chair Gary Gensler. The crypto community is curious if he will be fired and if the SEC will create clear rules for cryptocurrency. It might not be easy to remove Gary Gensler because it would need to follow certain laws. In the past, agency chairs usually resign when their political party loses power, but it is not a legal requirement.
If Trump wins, he can make Gary Gensler less powerful and choose someone else to be the temporary leader. But Gary Gensler can still be a commissioner until 2026 if he wants. If Kamala Harris wins, it is not clear what she will do with Gary Gensler because she has never said anything about him. The future of Gary Gensler and the SEC is not certain yet.
