Former President Donald Trump has expressed his intent to remove SEC Chair Gary Gensler from his position on his first day back in office. Gensler, known for his rigorous stance on cryptocurrency regulations, has been perceived as a tough critic within the crypto industry.

The article discusses the possible candidates who could potentially replace Gensler, though specific names or details have not been disclosed. The decision holds significant implications for the future regulatory landscape of cryptocurrencies in the United States.

The sentiment towards the potential change within the industry may vary, as Gensler's replacement could lead to different regulatory approaches that might impact cryptocurrency markets and businesses.