A Trump presidency will spell disaster for Gensler and his role as head of the SEC, said 10x Research founder Markus Thielen.
United States Securities and Exchange Commission Chair Gary Gensler will likely resign within the first two months of 2025 after President Joe Biden finishes his term at the White House, predicts 10X Research founder Markus Thielen.
In a July 21 market report, Thielen said that the SEC Chair typically resigned when a new administration was elected, adding that a Trump ticket would spell disaster for Gensler’s role as head of the agency.
He cited current President Joe Biden’s sudden decision to abandon his election bid as a near-certainty that Trump would be sworn in as president come November. However, other industry commentators have disagreed with this notion.
