Gary Gensler's tenure as SEC Chair looks uncertain following Donald Trump's victory, as Trump has declared his intent to replace Gensler, who has enforced stringent regulations on the crypto sector. Trump, who has promised a favorable crypto environment, suggested he would fire Gensler immediately after taking office. Although Gensler's official term extends until 2026, SEC chairs typically resign or are replaced when political power shifts. Potential candidates for Gensler's replacement include SEC commissioners Hester Peirce and Mark Uyeda, Dan Gallagher from Robinhood, and former regulatory heads Chris Giancarlo and Brian Brooks. Peirce, known for her crypto-friendly stance, might not be interested in the position, while Gallagher's candidacy is favored by some ex-officials. Trump's administration is expected to usher in a significant shift in the SEC's regulatory approach to cryptocurrencies, signaling an easing of the current enforcement tactics against digital assets.

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