According to CoinDesk, given that the Republican Party flipped multiple seats and regained control of the Senate in Tuesday's presidential election, it is highly feasible for Trump to fulfill his promise of "firing the current SEC chairman" because his proposal can easily pass the Senate vote, and the new chairman may take office within a few months. In addition, after learning about Trump's plans for him, 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 takes office, and then appoint the interim chairman after Trump takes office. @dtrido