Analysis: The feasibility of Trump firing Gensler has increased due to the Republican control of the Senate

ChainCatcher news, according to CoinDesk, given that the Republican Party flipped multiple seats in Tuesday's presidential election and regained control of the Senate, the feasibility of Trump fulfilling his promise to "fire the current SEC chairman" is quite strong, as his proposal could easily pass a Senate vote, and a new chairman could potentially take office within a few months.

Additionally, understanding Trump's plans, Gensler may also choose to resign before the new president takes office in January. If this happens, President Biden will appoint an interim chairman from the remaining Democratic commissioners until Trump is inaugurated, after which Trump will appoint a new interim chairman.