CandleFocus Donald Trump Is Considering Three Pro-crypto Candidates to Replace Gary Gensler
2024-11-12
Author: Content Editor
Donald Trump and his team are considering pro-crypto candidates for key financial regulatory roles, including Hester Peirce, Mark Uyeda, and Paul Atkins as potential replacements for SEC Chairman Gary Gensler. These candidates have expressed support for digital assets and a less restrictive stance on cryptocurrency. The appointment of the next SEC chair and other regulatory agency leaders will have a significant impact on the future of crypto in the US financial system. Former SEC Commissioner Daniel Gallagher and Peirce have criticized the SEC's policies under President Biden. Trump's team is also considering Paul Atkins and Chris Giancarlo, both known for their crypto-friendly positions. Under Gensler, the SEC has pursued cases against Binance, Coinbase, and Ripple for alleged securities law violations. Following Trump's election win, there is optimism about the impact on crypto regulations, with Bitcoin experiencing a significant bull run and investment in Bitcoin ETFs surging.
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