SEC Chair's Future Uncertain as Trump Vows to Fire Him if Elected
CryptoNewsTerminal Staff06 Aug, 2024
SEC Chair's Future Uncertain as Trump Vows to Fire Him if Elected
Donald Trump's promise to fire Securities and Exchange Commission (SEC) Chair Gary Gensler on his first day in office faces significant hurdles, making it unlikely to materialize, according to legal experts. To remove Gensler, the president would need to demonstrate inefficiency, neglect, or malfeasance on his part, explained University of Pennsylvania Law professor Tonya Evans. While some critics argue that Gensler's performance has been unsatisfactory, fully removing him could take months or even longer than the remainder of his five-year term. Unless Gensler resigns voluntarily, Trump's promise is highly unlikely to be fulfilled.
