Odaily Planet Daily reported that Fox reporter Eleanor Terrett said on the X platform that Democratic SEC Commissioner Jaime Lizarraga will resign on January 17, and after Trump takes office, there will be only one Democrat, Caroline Crenshaw, left on the committee. This means that there will be three vacant seats to be filled by January 20. This also means that until these nominees are confirmed, the Republicans in the SEC will have a 2-1 majority (Uyeda and Peirce are Republicans, and Crenshaw is a Democrat). Trump may choose two Democrats who are more consistent with his policies. Past precedents have been that the minority party recommends minority candidates to the president, which makes the confirmation process easier, but the president is not obliged to adopt this recommendation. Trump can also choose to appoint independents to these positions. The rule is that there cannot be more than three members of the committee from the same party as the president. For example, Jay Clayton, the former chairman during Trump's first term, is an independent.

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