The American Securities Association has called for the immediate resignation of SEC Chair Gary Gensler following Donald Trump's recent election victory. This demand has gained traction amid increasing pressure on Gensler, with various stakeholders criticizing his tenure, particularly regarding cryptocurrency regulation. Vice President JD Vance has publicly condemned Gensler, labeling him as one of the least effective figures in the Biden administration. Reports indicate that Gensler is expected to resign by the end of December 2024. Trump has also expressed intentions to replace Gensler, with potential candidates including Daniel Gallagher, Hester Peirce, Mark Uyeda, Paul Atkins, and Chris Giancarlo.