According to ChainCatcher, U.S. Congressman and Arkansas Republican French Hill stated in an interview that Republican SEC Commissioner Hester Peirce "could become the new acting chairman of the U.S. SEC."
Hill stated: "We look forward to Trump's appointment of a new SEC chairman, with Gary Gensler stepping down on January 20 next year, a Republican will become the acting chairman of the SEC. That person could be Hester Peirce—she is likely to become the acting chairman of the SEC."
Regarding Gary Gensler's announcement of his impending departure, Hill said, "Gensler has been disappointing for the crypto ecosystem." This is because Gensler has taken a "law enforcement regulatory" approach, and "Gensler's views on the crypto industry are almost contradictory."
Hill added that the SEC cannot address all the issues currently facing the U.S. cryptocurrency industry. Congress must work with the SEC to pass laws to ensure fair enforcement of digital assets.