Former President Donald Trump, who called himself a pro-crypto candidate, planned to end the "anti-crypto movement" within an hour of taking office, but his team remained silent on specific policies. Gary Gensler, the current SEC chairman, will serve until 2026, and Trump cannot immediately remove him from office. The president can only fire SEC commissioners for "inefficiency, dereliction of duty, or malfeasance." Current President Joe Biden nominated Caroline Crenshaw for re-election as an SEC commissioner, and the Senate is expected to vote next month. Trump became the first former president to be convicted of a felony last month and faces multiple charges.