ChainCatcher news, according to Cointelegraph, U.S. Securities and Exchange Commission (SEC) Chairman Gery Gensler announced plans to resign on January 20, 2025. However, the new nominee for SEC Chairman will face scrutiny from the U.S. Senate, as all committee members must be confirmed by the Senate.

It is reported that Trump may attempt to bypass some confirmation procedures through recess appointments, but this would require Congress to vote for a recess, and unless the nominee is uncontroversial, Congress may be unwilling to do so.