United States president-elect, Donald Trump, might have a lot on his plate regarding overhauling the Securities and Exchange Commission (SEC) upon taking office next year. The Republican president stated severally during his campaign that he plans to make America a very crypto-friendly nation starting by removing SEC chair Gary Gensler from office. However, achieving this might not be easy.
Recently, a discussion ensued on X (formerly Twitter) regarding the possibility of President Trump firing Gensler from office and several experts gave their opinion. Pro crypto lawyer, MetaLawMan on X, started by citing historical patterns of SEC chairmen resigning from office during a change of administration, suggesting that Gensler is expected to leave voluntarily.
However, it is worth mentioning that resignation from office is a matter of choice and not a legal requirement. Thus, another user questioned if Trump can legally remove Gensler from office if he refuses to step down. MetaLawMan explained that the Supreme Court had never ruled on this question because previous SEC chairmen have always resigned traditionally upon change of administration. He noted, however, that the President does not have the authority to sack the SEC chairman if it comes to that.
Fox Business journalist, Eleanor Terrett, buttressed the point, stating that the only way Trump would forcefully remove Gensler from office is by taking him to court. This might force both parties into a lengthy and expensive legal battle if it is attempted.
This post first appeared on 36crypto.com News.
