With Joe Biden out of the US presidential race, there does not appear to be a strong candidate who can seriously challenge DonaldTrump at the moment, according to 10x Research. The results of the November election appear to have been decided without a vote. For Bitcoin, this means that a pro-cryptocurrency government will be in the White House. History has shown that when a new administration comes to power, the SEC chairperson usually resigns. Although the current SEC chairperson Gensler's term does not end until June 5, 2026, he is likely to resign in January or February 2025 Beijing time.