Odaily Planet Daily News: U.S. President-elect Donald Trump has received support from many leaders in the cryptocurrency industry, and one of the most important commitments Trump made to gain the cryptocurrency community's support is to 'fire Gary Gensler on the first day in office.' Analysts believe that Trump cannot force Gary Gensler to resign from his position as a commissioner of the U.S. Securities and Exchange Commission, but he can immediately appoint a new acting chair after being sworn in on January 20, and he can also nominate a new commissioner to the U.S. Senate (but it must be approved by the Senate). Given that the Republican Party flipped multiple seats and regained control of the Senate in Tuesday's presidential election, Trump's choices are likely to pass the vote, and the new chair could take office within a few months. Taking Gary Gensler as an example, he was nominated by current U.S. President Joe Biden on February 3, 2021, confirmed by the Senate on April 14, 2021, and then sworn in on April 17, 2021. Analysts point out that Gary Gensler may also choose to resign before Trump's inauguration; if this happens, Biden would need to appoint an acting chair from the remaining Democratic commissioners until Trump takes office, and then Trump would appoint an acting chair after he is in office. (Coindesk)

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