The CEO of crypto research firm 10x Research, Markus Thielen, predicts that Gary Gensler, the current chairman of the United States Securities and Exchange Commission (SEC), is likely to resign in the near future following Donald Trump's projected election win. This aligns with previous patterns where the SEC chairman typically resigns when a new president takes office. Gensler, who was appointed by President Joe Biden in 2021, has been leading an aggressive crackdown on the crypto sector, which has been perceived as a hostile stance by many. Trump has repeatedly expressed his intention to fire Gensler, while U.S. Republican Representative French Hill believes that the SEC should have new leadership next year. Regardless, the president does not have the authority to remove Gensler without cause, but can demote him from the role of chairman and appoint a new SEC commissioner.



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