Fox reporter: Trump may choose two Democrats who are more aligned with his policies to serve as SEC commissioners

Jinse Finance reported that Fox journalist Eleanor Terrett stated on X platform that Democratic SEC Commissioner Jaime Lizarraga will resign on January 17th. After Trump took office, there will be only one Democratic member, Caroline Crenshaw, left in the committee. This means that there will be three vacant seats to be filled by January 20th. This also means that before these nominees are confirmed, the Republicans at the SEC will have a 2-1 majority (Uyeda and Peirce are Republicans, and Crenshaw is a Democrat). Trump may choose two Democrats who are more in line with his policies. The precedent in the past has been for the minority party to recommend minority party candidates to the president, making the confirmation process easier, but the president is not obligated to adopt this suggestion. Trump can also choose to appoint independent individuals to these positions. The rule is that the committee cannot have more than three members from the same party as the president. For example, Jay Clayton, the former chairman during Trump's first term, was an independent individual.