The Republican Party won a big victory in the election yesterday. Not only did Trump win the presidency, but he also won the Senate. The House of Representatives is now also in the lead~

The biggest contributors to the successful restoration of the country by Tongzhi were:

Comrade Ma Baoguo, the first-class Duke of the Patriotic Army, the Minister of the Prime Minister's Office of Efficiency, the Grand Secretary of the Twitter Palace, the Governor-General of Mars!

Some are happy while others are sad. After the election, the person the crypto community is most concerned about may be SEC Chairman Gary Gensler:

The first promise Trump made to the crypto community at the Bitcoin conference was to fire SEC Chairman Gary Gensler, the public enemy of the crypto industry, on his first day in office.

But in practice, it is not that easy for the president to fire the SEC chairman.

Gensler was appointed SEC Chairman by Biden in 2021, and his normal term is to end on January 5, 2026.

If Trump wants to use the power of the president to fire Gensler, in theory he needs a suitable reason, such as believing that Gensler is incompetent or has other problems. These procedures may take a year.

But if Gensler resigns himself, he can be replaced at any time.

Therefore, friends in the crypto industry should still frequently leave messages on his Twitter to put some pressure on Gensler, such as this:

Who will Trump choose as SEC Chairman after him?

Of course, some people have called for Comrade Ma Baoguo to be awarded a yellow jacket, a three-eyed peacock feather, and to walk in the White House and serve concurrently as chairman of the SEC.

But in fact, there are still several more likely candidates in Trump's administration.

The most likely candidate at the moment is Hester Peirce of the SEC Committee:

This sister is known as "Crypto Mom" ​​in the U.S. cryptocurrency circle because she has always advocated crypto-friendly policies. In September this year, she criticized Gensler's crypto policy as problematic:

“It has been and will continue to be a grave mistake to allow the cryptocurrency issue to be resolved in an endless series of misleading cases and excesses.”

She is referring here to the case of Flyfish selling NFTs. She believes that Flyfish's case does not require securities laws at all because NFTs are just another form of membership that can generate income for various creative people and will not threaten American investors.

Other popular candidates include “Crypto Dad” Chris Giancarlo:

This dude is even more crypto-friendly because when he was at the Commodity Futures Trading Authority, he approved Bitcoin futures, which is considered a necessary prerequisite for a Bitcoin spot ETF.

No matter who succeeds the SEC chairman, "Crypto Dad" or "Crypto Mom", it is estimated that a big bull market will be triggered. It is not impossible for mainstream unicorns to directly raise funds through currency rights in the future.