Gary Gensler is likely headed for the exit, and possible replacements for the Securities and Exchange Commission chairman are being floated by Trump’s transition team.
While Trump in July promised to fire Gensler on day one of his second administration, he technically can’t remove Gensler (without cause) until his term ends in 2026. But at the center of the president-elect’s focus for hiring a new SEC chief is the issue of cryptocurrency.
