The president nominates the SEC chair, and can fire him.
This explains how, written just before Trump assumed power:
While he can't force Gensler to step down as a commissioner at the U.S. Securities and Exchange Commission, he can name a new interim SEC chair as soon as he's inaugurated on Jan. 20. He can also nominate a new commissioner to the Senate, which has to confirm the pick.
This explains how, written just before Trump assumed power:
While he can't force Gensler to step down as a commissioner at the U.S. Securities and Exchange Commission, he can name a new interim SEC chair as soon as he's inaugurated on Jan. 20. He can also nominate a new commissioner to the Senate, which has to confirm the pick.
https://www.coindesk.com/policy/2024/11/07/heres-how-quickly...
And Gensler resigned as Chair as soon as Jan 20th:
https://www.sec.gov/newsroom/press-releases/2025-29