Republicans are not here for this

Representative Tom Emmer from Minnesota, a guy who’s made it pretty clear he’s not Gensler’s biggest fan, had some choice words. He straight-up said,

“Gary Gensler needs to move on. His career in government should be over.”

Emmer added that Gensler’s been throwing lawsuits around like confetti at a parade but isn’t really winning any of them.

Other Republican Senate staffers are prepared for a fight if Kamala actually puts Gensler’s name out there. They’re talking about coming together to block this nomination.

Why? Because they believe Gensler’s appointment could mess with the economy, especially if he brings his current vibes over to the Treasury.

Democrats might back him… maybe

There are a few Democrats who might have his back. People like Elissa Slotkin from Michigan and Ruben Gallego from Arizona.

These folks have some interesting ties to the crypto industry, thanks to support from groups like Fairshake PAC. But they’ve both been pretty anti-crypto in Congress. So, whether they’ll support Gensler is still up in the air.

Meanwhile, the rumor mill is buzzing that Gensler could pull a fast one before the election even happens. Some think he might step down from the SEC, letting Joe Biden appoint a new chairperson.