SEC Chairman Gary Gensler may resign following Donald Trump's election, according to crypto analyst Markus Thielen from 10x Research. Historical patterns suggest that SEC chairmen typically step down when a new president takes office to allow the incoming administration to appoint a chair aligned with their policy goals. Gensler, appointed by President Biden in 2021, has been noted for his aggressive regulatory approach towards the cryptocurrency sector. Trump has indicated intentions to promote a more favorable regulatory environment for crypto, assuring supporters that Biden's anti-crypto stance would end once he assumes office. Although the president cannot fire Gensler without cause, they can choose to demote him from chairman, leading Gensler to potentially step down by December or January, with a new chair possibly confirmed by mid-2024. Gensler’s resignation would follow a precedent set by previous SEC chairs in similar transitions of power.

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