This article is about blockchain, business, and technology news.

The Trump administration has yet to announce a candidate for SEC chairman, sparking speculation among crypto users. President-elect Trump has promised to remove current SEC Chairman Gary Gensler when he takes office on January 20. Gensler was nominated by Biden and confirmed by the Senate in 2021.

According to the Kalshi platform, most users predict Robinhood’s chief legal officer Dan Gallagher to replace Gensler. However, some users are betting on former SEC commissioner Paul Atkins and former Comptroller of the Currency Brian Brooks.

Trump is reportedly trying to bypass the Senate confirmation process and pass his own nominees for various agencies. What could be the legal ramifications of this situation? Share your thoughts in the comments.