If Trump is elected, he may need to continue working with Gensler
Former President Donald Trump, a self-proclaimed pro-crypto candidate, plans to end the "anti-crypto movement" within an hour of taking office, but his team has remained silent on specific policies. Current SEC Chairperson Gary Gensler is in office until 2026, and Trump cannot immediately remove him. The president can only fire SEC commissioners for "inefficiency, negligence, or malfeasance."
The current president, Joe Biden, has nominated Caroline Crenshaw for re-election as SEC commissioner, and the Senate is expected to vote next month. Trump last month became the first former president to be convicted of a felony and faces multiple charges.