Due to the Republican control of the Senate, Trump's firing of Gensler is more feasible

BlockBeats News, November 9th, according to CoinDesk's analysis, given that the Republican Party flipped multiple seats in Tuesday's presidential election and regained control of the Senate, Trump's promise to "fire the current SEC chairman" is highly feasible, as his proposal could easily pass in a Senate vote, and a new chairman could take office within a few months.

In addition, understanding Trump's plan, Gensler may also choose to resign before the new president takes office in January. If this happens, President Biden will appoint an interim chairman from the remaining Democratic members until Trump takes office, and then Trump will appoint a new interim chairman after taking office.