Trump may initiate a Senate recess to bypass the review of the next SEC chairman
ChainCatcher news, according to Cointelegraph, U.S. Securities and Exchange Commission (SEC) Chairman Gery Gensler announced plans to resign on January 20, 2025. However, the new nominee for SEC Chairman will face scrutiny from the U.S. Senate, as all commission members must be confirmed by the Senate.
It is reported that Trump may attempt to bypass some appointment confirmation procedures through a recess appointment; however, this would require Congress to vote for a recess, and Congress may be reluctant to do so unless the nominee is uncontroversial.
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