CoinDesk analysis has found that if the Republican Party wins the presidential election and gains control of the Senate, Trump may fire the current SEC Chairman. This is possible because the proposal would easily pass the Senate vote, and Trump co
uld appoint a new chair within months. Gensler may also choose to resign before the new president takes office, allowing President Biden to appoint an interim chair until Trump takes office and then appoint a new chair after Trump’s inauguration.
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