Fox reporter Eleanor Terrett stated on X platform that Democratic SEC commissioner Jaime Lizarraga will resign on January 17th, leaving only one Democrat, Caroline Crenshaw, on the committee after Trump takes office. This means that there will be three vacant seats to be filled by January 20th. This also means that until these nominees are confirmed, SEC Republicans will have a 2-1 majority (Uyeda and Peirce are Republicans, Crenshaw is Democrat). Trump may choose two Democrats who are more aligned with his policies. The precedent in the past is for minority parties to recommend minority candidates to the president, which makes the confirmation process easier, but the president is not obligated to adopt this suggestion. Trump can also choose to appoint independent individuals to these positions. The rule is that the committee cannot have more than three members from the same political party as the president. For example, Jay Clayton, the former chairman of Trump's first term, was an independent. @yig