Analyst says that SEC chairman Gary Gensler will resign on his own since Trump can’t fire him without any cause.
Markus Thielen, a notable crypto analyst says the US Securities and Exchange Commission will soon see a new chairman as the new president promised to fire him if he won.
Thielen, who is also the CEO of crypto research firm 10x Research, wrote in his Wednesday research paper that historical patterns suggest the resignation of Gary Gensler like his predecessors.
He wrote, “typically resigns when a new president takes office, aligning with the incoming administration’s preferences”.
Previously Jay Clayton resigned during Joe Biden’s inauguration. Just like that Mary Jo White resigned when Trump became the president for the first time.
Source: https://www.cryptopolitan.com/sec-gary-gensler-will-likely-step-down-himself-after-trumps-win/