If you look at the legal landscape, the framework established by an Act of Parliament and jurisprudence, particularly the 1935 Supreme Court case of Executive Director Humphrey v. United States, limits the president's ability to remove members of independent institutions without cause.
And it will also affect the political dynamic. The Senate confirmed the appointment of the SEC chairman, but his dismissal does not require the Senate's approval in principle.
Despite calls from various quarters, including crypto industry luminaries and high-profile politicians such as Senator Warren Davidson, Gensler has been asked to resign over the shortcomings of the crypto industry, but the path to his dismissal is not instantaneous.
Unless there is a surprise resignation of an anti-cryptocurrency chairman, according to Fortune's analysis, the prospect of Gensler's departure remains a long and thorough process.
This doesn't mean that Trump is unlikely to oust Gensler. According to the report, if the administration can provide compelling evidence of "inefficiency, dereliction of duty or malfeasance" and point to SEC legal challenges, such as losing the high-profile #Ripple case, the president could begin formal removal proceedings.
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