Deep Tide TechFlow news, on November 23, Fox reporter Eleanor Terrett stated on platform X that Democratic SEC Commissioner Jaime Lizarraga will resign on January 17, leaving only one Democrat, Caroline Crenshaw, on the committee after Trump's inauguration. This means that there will be three vacant positions to fill by January 20.
This also means that until these nominees are confirmed, the Republicans on the SEC will have a 2-1 majority (Uyeda and Peirce are Republicans, Crenshaw is a Democrat).
Trump may choose two Democrats who are more aligned with his policies. A past precedent is that the minority party recommends minority candidates to the president, which makes the confirmation process easier, but the president is not obligated to take this advice.
Trump can also choose to appoint independents to these positions. The rule is that there cannot be more than three members from the same political party as the president on the committee. For example, Trump's first-term predecessor Jay Clayton was an independent.