Due to the Republican Party's control of the Senate, Trump's feasibility of firing Gensler has increased

According to CoinDesk analysis, given the Republican Party's flipping of multiple seats and regaining control of the Senate in Tuesday's presidential election, Trump has a strong feasibility to fulfill his promise of "firing the current SEC chairman" because his proposal can easily pass through a Senate vote. The new chairman could take office within a few months. Moreover, after understanding Trump's plan for him, Gensler might choose to resign before the new president takes office in January. If this happens, President Biden will appoint an interim chair from the remaining Democratic members until Trump takes office and then reappoints an interim chair after taking office.