Turn Your $100 USDT into $3,000 USDT, Confirmed 30X Profit from AIG #MEME Token. 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30. Pre-Sale Is Live, Join the Pre-sale and Airdrop at the Official Website ➯PlayAiGames.online

Ripple’s CEO has warned against SEC Chair candidates tied to past enforcement controversies, urging leadership that fosters innovation and ends punitive crypto regulation.
A Name Sparks Debate: Ripple CEO Slams SEC Chair Prospect
Brad Garlinghouse, CEO of Ripple, has criticized the potential appointment of Caroline Stebbins as the next U.S. Securities and Exchange Commission (SEC) Chair, warning it could harm the crypto industry. Posting on social media platform X Monday, Garlinghouse stated:
In a group of strong candidates for SEC Chair, it’s unconscionable to consider someone directly involved in Bill Hinman’s unethical (likely illegal) push to pick winners and losers in crypto.
Choosing Stebbins would be akin to bringing us back to the start of the regulation by enforcement era.
This criticism comes amid expectations that current SEC Chair Gary Gensler will step down after Thanksgiving, with reports suggesting he may leave in early January, ahead of President-elect Donald Trump’s inauguration.
Trump has pledged to dismiss Gensler immediately, raising speculation about who will lead the agency next.
Paul Atkins, Dan Gallagher, Brad Bondi, and Bob Stebbins are among those some believe to be under consideration for SEC Chair.
Atkins and Gallagher are seen as more industry-friendly, while Stebbins faces opposition from crypto advocates due to her involvement in controversial enforcement actions, including the ongoing Ripple case. John Reed Stark, former head of the SEC’s Internet Enforcement division, has warned of risks under some candidates, cautioning against weaker oversight.
Crypto proponents, meanwhile, hope new leadership will bring clearer and less punitive regulatory policies. SEC Commissioner Hester Peirce is reportedly not interested in the position, and SEC Commissioner Mark T. Uyeda has also emerged as a potential contender.
William “Bill” Hinman is a former director of the SEC’s Division of Corporation Finance, where he served from 2017 to 2020.
Critics have accused him of picking winners and losers in the cryptocurrency industry due to his 2018 speech, where he stated that ether (ETH) was not a security, while not providing similar clarity for other cryptocurrencies like XRP.
Ripple has been entangled in a lawsuit with the SEC since 2020 over allegations that XRP token sales were unregistered securities offerings. In 2023, a judge issued a partial ruling in Ripple’s favor.
The SEC has appealed portions of the decision, leaving the case ongoing and critical for the future of crypto regulation.
However, Garlinghouse has predicted a transformative era for cryptocurrency in the U.S., attributing the shift to anticipated relaxed regulatory oversight under President-elect Donald Trump.
He described Trump as a crypto president who embraces innovation and entrepreneurship, signaling the end of restrictive SEC actions. Confident in the industry’s future, Garlinghouse urged a departure from regulation by enforcement, calling this moment “a totally new day” for crypto innovation.
#Garlinghouse #Ripple #SEC #Cryptonews

La posible designación de Teresa Goody Guillén como presidenta de la SEC en una futura administración Trump podría marcar un hito histórico para el ecosistema cripto. Abogada experta en blockchain y criptomonedas, Guillén es vista por la comunidad cripto como la figura clave para reestructurar la regulación de activos digitales en EE. UU. Su perfil como defensora de la innovación cripto y su experiencia interna en la SEC la posicionan como la candidata ideal para brindar claridad y un enfoque equilibrado que permita el crecimiento de la industria, en contraste con la postura restrictiva de su predecesor, Gary Gensler.
Si Guillén asume el cargo, podría ser la pieza que falta para liberar el verdadero potencial de las criptomonedas en el país. Con su profunda comprensión de los mercados financieros y su historial favorable hacia el blockchain, su liderazgo promete transformar las políticas regulatorias y proporcionar un marco que impulse tanto la seguridad de los inversores como la expansión del sector. Para la criptocomunidad, su nominación sería el cambio que tanto se necesita para consolidar a las criptomonedas como un pilar fundamental en la economía global.
#Binance #Bitcoin #BecomeCreator #SEC #Trump

Turn Your $100 USDT into $3,000 USDT, Confirmed 30X Profit from AIG #MEME Token. 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30. Pre-Sale Is Live, Join the Pre-sale and Airdrop at the Official Website ➯PlayAiGames.online

Teresa Goody Guillén, a blockchain lawyer, is a leading candidate for SEC chair under Trump.
The decision for the new SEC chair is expected before Thanksgiving.
President-elect Donald Trump is reportedly considering Teresa Goody Guillén, a seasoned securities attorney and blockchain expert, to chair the U.S. Securities and Exchange Commission (SEC). Goody Guillén, a partner at BakerHostetler and co-lead of its blockchain team, has significant experience in securities law and blockchain advocacy.
Trump’s transition team prioritizes a pro-crypto candidate to replace outgoing Chair Gary Gensler. Gensler is expected to step down before Trump’s inauguration on January 20, aligning with the president-elect’s promise to overhaul the SEC. Trump aims to end the agency’s “regulation by enforcement” approach and introduce light-touch crypto regulation.
A Transformative Choice
Goody Guillén served in the SEC’s Office of the General Counsel from 2009 to 2011. She later worked with former SEC Chair Harvey Pitt, advising clients on enforcement issues. Her dual experience within the SEC and as a defender of blockchain companies makes her a strong contender for the role.
Crypto executives, including Brendan Playford of Masa, strongly support Goody Guillén. Playford described her as an “instant change-maker” capable of transforming the SEC’s stance on digital assets. Industry leaders believe her appointment would drive regulatory clarity and support the crypto sector’s growth.
Goody Guillén faces competition from high-profile candidates, including Robert Stebbins of Willkie Farr & Gallagher and former SEC Commissioner Paul Atkins. Other contenders include Robinhood’s Chief Legal Officer Dan Gallagher and Brian Brooks, former Acting Comptroller of the Currency.
Trump’s transition team, led by Howard Lutnick, aims to finalize the SEC chair decision before Thanksgiving. This swift process reflects the administration’s focus on rapid regulatory reform.
If selected, Goody Guillén’s leadership could mark a turning point for U.S. crypto regulation. Her understanding of securities law and blockchain technology positions her to foster a balanced regulatory environment. The industry awaits Trump’s announcement, which could reshape the SEC and the future of crypto in the U.S.
#Trump2024 #SEC #USA #CryptoNews

According to Cointelegraph, the United States Securities and Exchange Commission (SEC) has postponed its decision on the approval of the Franklin Templeton Crypto Index ETF until early 2025. In a letter dated November 20, the SEC stated that it had not received any comments following the publication of the proposed rule change in the Federal Register on October 8, 2024. The regulatory body emphasized the need for additional time to thoroughly evaluate the proposed rule change and the associated issues, setting January 6, 2025, as the new deadline for a decision.

The delay in the SEC's decision has left the industry in anticipation, as crypto index ETFs are seen as a significant development for digital asset markets. In August, Franklin Templeton submitted its application for a crypto index ETF, with industry experts like Katalin Tischhauser from Sygnum crypto bank highlighting the potential benefits. Tischhauser noted that index ETFs allow investors to gain market exposure without the need to select individual assets, thereby reducing the risk of costly mistakes. This approach has contributed to the popularity of stock indexes such as the S&P 500.

Franklin Templeton is not alone in its pursuit of launching a crypto index ETF in the United States. In October, the New York Stock Exchange expressed interest in listing Grayscale's crypto index ETF and sought regulatory approval for trading. By November, US regulators were reportedly considering the listing of the Grayscale ETF. The approval of such an ETF would be a landmark event in the US, potentially unlocking new capital flows into the digital asset markets, akin to the impact of Bitcoin and Ether ETFs approved earlier in 2024.

XRP has been on an impressive run over the past couple of weeks, sparking excitement in the crypto community. One of the key drivers behind this surge is the potential departure of Gary Gensler from the SEC. Many believe his exit could positively impact XRP’s ongoing legal battle, paving the way for more favorable conditions.
### Key Highlights:
- Price Surge: XRP has seen a significant increase, driven by speculation about regulatory changes.
- Resistance Levels: Currently testing key resistance levels around $1.11 and $1.26.
- Future Targets: If XRP breaks through these levels, the next major targets could be $1.59 and even $1.95.
### Why This Matters:
- Regulatory Shift: A change in SEC leadership could bring a fresh perspective to XRP’s legal challenges.
- Market Confidence: The ongoing legal battle has weighed on XRP's price, but a favorable outcome could boost investor confidence.
Stay tuned with Binance for the latest updates and expert insights on XRP and other exciting developments in the crypto world. 🌐💡
#XRP #CryptoNews #SEC #CryptoInvesting #Binance #MarketTrends
Ready to see XRP reach new heights? 🚀📈

The post Ripple News: Settlement Rumors Keep XRP Above $1, Could a Pro-Crypto SEC Chair Propel It to $8? appeared first on Coinpedia Fintech News

XRP recently reached $1.26, driven by several factors including President-elect Trump’s crypto-friendly stance and lawsuits from 18 U.S. states against the SEC. The ongoing legal battle between Ripple and the SEC continues to impact XRP’s price. The SEC has appealed a 2023 court ruling that declared XRP is not a security when sold to retail investors via exchanges. This appeal creates uncertainty around XRP’s future.

Fox News reports that Trump may appoint Brian Brooks to a key position, which could influence the Ripple-SEC saga. Legal experts suggest that a settlement or reduced fine could be a possibility, which could have significant effects on crypto regulation and talks around XRP ETFs. Pro-XRP lawyer Jeremy Hogan predicts that an XRP ETF could be approved by mid-2025, adding to growing optimism among investors.

Currently, XRP is correcting after reaching $1.15. It’s now trading below $1.10 and may drop to the $1 support level before potentially rebounding. Despite this, the market outlook remains positive, with the next target at $2 as long as XRP stays above $0.785. XRP continues to dominate cross-border payments, further strengthening its position in the crypto world.

Seasoned analyst Casi Trades took to social media and wrote, “Exciting times ahead, but a reminder to avoid chasing price action. The daily RSI shows higher highs with no divergence, indicating strong momentum. However, on smaller timeframes, we’re seeing bearish divergence. No change in my long-term outlook: $8-$13 target is not too far from here.”

In Other News…

In South Korea, XRP has surpassed Bitcoin in trading volume, reflecting strong local interest and speculative activity. South Korean traders are known for driving price rallies, which could influence XRP’s price globally.

The post Ripple vs SEC: Legal Experts Debate XRP’s Price Impact Amid Upcoming Appeals Brief appeared first on Coinpedia Fintech News

XRP, the seventh-largest cryptocurrency by market cap, saw a trading volume spike of over 50% in the last 24 hours. This surge comes as the SEC revealed plans to submit its principal brief in the Ripple appeals case by January 15, 2025. Legal experts and the XRP community on X are actively debating the token’s regulatory status and its potential price implications amid the ongoing legal developments.

Bill Morgan, a notable legal voice in the XRP community, in a recent tweet claimed that XRP’s value is tightly linked to Ripple’s efforts, effectively making it Ripple’s security instrument.

“Without XRP, one cannot benefit from Ripple’s efforts, and with XRP, one cannot be unaffected because its market value reflects Ripple’s actions.” He Says

Morgan, however, strongly disagrees, arguing that this statement lacks evidence from the SEC v. Ripple case, including expert or lay testimony, or evidence of Ripple directly promoting XRP to retail investors.

Do Ripple’s Actions Impact XRP’s Price?

Morgan emphasized that many long-term XRP holders reject the idea that Ripple’s efforts have positively influenced XRP’s price over the last seven years. Instead, he pointed to a common belief that Ripple’s periodic sales of XRP from escrow have suppressed its value rather than boosting it. This contrasts sharply with the article’s premise that Ripple’s actions drive XRP’s market performance.

Legal Theories vs. Evidence

Bill Morgan acknowledged that the article’s legal theory might have some merit but criticized it for relying on flawed logic and unsupported assumptions. He emphasized that court cases are decided based on evidence, not theories. Unless the SEC claims in its appeal that the judge missed key evidence in the Ripple case, Morgan believes this argument is unlikely to change the outcome.

Responding to Morgan, the article’s author, Joe Sho, clarified that his work isn’t a standalone theory but an analytical take. Morgan appreciated the clarification but pointed out that the XRP community is likely more focused on larger regulatory and market issues than on such detailed legal debates.

Ripple’s Influence: Still Unclear

This discussion underscores the ongoing debates around XRP’s status and Ripple’s influence on its value. As the SEC’s legal battle against Ripple unfolds, opinions remain divided within the XRP community about the true drivers of XRP’s price and its regulatory classification. For now, the case serves as a litmus test for the future of cryptocurrency regulation in the U.S.

XRP Price

Currently, XRP is correcting after reaching $1.15. It’s now trading below $1.10 and may drop to the $1 support level before potentially rebounding. Despite this, the market outlook remains positive, with the next target at $2 as long as XRP stays above $0.785. XRP continues to dominate cross-border payments, further strengthening its position in the crypto world.

The post XRP Price Prediction For November 21 appeared first on Coinpedia Fintech News

Ripple’s XRP is currently trading in green and is up by more than three percent in the last 24 hours. The altcoin is trading between the $1.06 and $1.15 range. XRP’s bullish momentum is partly supported by the speculations about SEC chair Gary Gensler’s resignation. According to reports, President-elect Donald Trump is considering a crypto-friendly chairman to replace Gensler. However, XRP’s ATH sits at $3.30 and it remains to be seen if the bulls will hit that mark before the end of this year. Here’s a price analysis by analyst Josh of Crypto World:

Current Price Action 

XRP is currently trading between a golden pocket and the 78.6% Fibonacci level on the weekly chart. The 78.6% Fibonacci level, acting as strong resistance, is around $1.30. However, resistance starts at $1.26 and goes up to $1.30.

Support Zone 

Support for XRP is located between $0.94 and $1.00, where a previous resistance level is now acting as support. If the price pulls back, expect support in this range.

Bullish Breakout Scenario 

A confirmed breakout above $1.30 could drive XRP back towards previous highs around $1.70 to $2. This is a critical level to watch for a potential upward move.

Short-Term Price Pattern 

XRP is forming a pattern similar to Cardano’s. If XRP breaks resistance at $1.14, it could see a bullish continuation, targeting $1.35. However, if support at $1.08 is broken, the price could fall to around $0.91 to $0.92, marking a potential 15% decline.

Bitcoin Comparison 

Looking at XRP/BTC on the weekly chart, XRP might repeat the pattern seen in early 2021—a double bottom that led to a significant rise. If this pattern repeats, XRP could double in value against Bitcoin, potentially seeing gains of over 100%.

XRP breaks out of a triangle pattern, signaling a bullish move.  

Analysts predict $1.5 in the near term, with ATH potential. 

Legal experts predict an imminent settlement in the SEC lawsuit, fueled by Gensler’s exit rumors.

XRP surges with a price target of $1.5 and the potential to reach a new all-time high. This bullish momentum reflects positive market sentiment, driven by Ripple’s favorable legal developments and the possibility of new SEC leadership.

XRP Breaks Out: Is a New All-Time High on the Horizon?

XRP broke out from a tight consolidation pattern, signaling a major rally. With a current price near $1.11, the token’s immediate target is $1.5, potentially setting the stage for a new all-time high (ATH).

Read also: XRP’s Edge: What Sets This Cryptocurrency Apart?

After a week-long consolidation, recent price action confirms a successful breakout above key resistance, signaling strong bullish momentum. Analysts believe this breakout could propel XRP to $1.5 and potentially surpass its previous peak if the current momentum holds.

Additionally, the increased trading volume and positive net inflows support the bullish narrative. XRP’s gr…

The post XRP Price Forecast: $1.5, New ATH? Ripple Settlement Under $125M Eyed appeared first on Coin Edition.

Remember to follow me, like, comment and tips 😜

$XRP holders, this is the moment you’ve been waiting for! Big news has just dropped, and it could change the trajectory of XRP’s price and future in a big way! If you’re holding XRP, now is the time to pay attention to what’s happening. Let’s break down the key updates that could lead to massive changes for XRP.
What’s Happening with XRP Right Now?
1️⃣ Legal Victory on the Horizon: XRP has been making major progress in the SEC case and may be closer to a final resolution. If Ripple wins, it could open the floodgates for XRP to rise significantly, as it would remove major regulatory hurdles.
2️⃣ Institutional Adoption: XRP’s utility in cross-border payments is gaining traction, and global financial institutions are starting to integrate Ripple’s solutions more. This means more demand for XRP and a positive long-term outlook.
3️⃣ Massive Partnerships Coming Soon: Ripple is reportedly on the brink of announcing partnerships with major banks and global payment systems, potentially increasing XRP’s real-world use and demand.
📈 What’s the Impact on XRP’s Price?
Short-Term Surge: If Ripple wins the legal case or announces major new partnerships, we could see XRP quickly surge towards $1.50 to $2 in the near term.Long-Term Potential:
Why XRP Holders Should Be Excited
Clear Path to Regulatory Clarity: A win in the ongoing legal battle would set a precedent for how other cryptocurrencies are treated, giving XRP a clear regulatory path.Growing Use Cases: XRP continues to be the leader in the cross-border payments sector, with real-world applications driving its use case.
XRP holders, what’s your take on these massive updates? Are you excited for what’s to come? Drop your thoughts in the comments!
#XRP #CryptoNews #Ripple #PricePrediction #SEC #Blockchain#XRP #CryptoNews #Ripple #PricePrediction #SEC #Blockchain #BinanceSquare

The Trump transition team is considering pro-crypto lawyer Teresa Goody Guillén as a potential SEC chair candidate, according to reports. Guillén is currently a partner at BakerHostetler and co-lead of its blockchain team.

Last week, Gary Gensler released a statement that suggested he was leaving the agency, and the debate over his replacement has heated up.

“As Trump searches for a pro-crypto SEC Chair, crypto prices will likely continue to rise,” predicted the Kobeissi Letter.

BREAKING: Donald Trump is considering replacing SEC Chair Gary Gensler with pro-crypto lawyer Teresa Goody Guillen.

Trump is supposedly looking for a pro-crypto SEC Chair replacement.

Guillen is a veteran of the SEC known to be pro-crypto. pic.twitter.com/186muDSzQY

— The Kobeissi Letter (@KobeissiLetter) November 19, 2024

All Change at The SEC

“She is the best candidate of all the people that are currently being opined on,” Brendan Playford, co-founder of Masa, told CoinDesk.

He added that she has a clear understanding of the laws and the way the SEC works. “We would just have an instant change-maker that would dramatically transform the industry with someone that’s very pro-crypto.”

She would “dramatically roll back the prior administration’s default to regulating through enforcement and arbitrarily reading into statutes written 90 years ago,” Charley Cooper, senior advisor at digital asset solutions provider R3 and a former chief operating officer at the CFTC, told CoinDesk.

Last week, former SEC attorney Guillén said that US crypto and capital markets “will thrive under President Trump” before adding, “The public has loudly and clearly spoken; current govt has a responsibility to serve the will of the people.”

This is who Trump is considering to replace Gensler https://t.co/jtbVMlV30J

— Will (@WClementeIII) November 19, 2024

General counsel at 1kx, Larry Florio, said, “I’ve heard Teresa Goody Guillén’s name floated by a few people recently for SEC chair, and I’ve had the pleasure of working with her and her team.”

“She would be an incredible choice for chair. Practical and hard-charging, she’d be my top pick. Believe it or not, I don’t want a free-for-all for crypto. Sensible and holistic regulation that promotes innovation while protecting against fraud is what we need.”

Job Spec and Candidates

The reported criteria for the SEC chair position include a pro-crypto stance, a non-bureaucratic background, a willingness to implement light-touch regulations, and an interest in overhauling the agency.

Other potential candidates include Robinhood chief legal officer Dan Gallagher, former Acting Comptroller Brian Brooks, former SEC commissioner Paul Atkins, and Robert Stebbins, a legal partner at Willkie.

Stebbins is the least popular choice among crypto industry executives. This week, Ripple CEO Brad Garlinghouse warned that choosing Stebbins “would be akin to bringing us back to the start of the regulation by enforcement era.”

Featured Image Courtesy of Yahoo Finance

The post Trump Reportedly Mulling Pro-Crypto Lawyer to Replace Gensler as SEC Chair appeared first on CryptoPotato.

Teresa Goody Guillén, a blockchain lawyer, is a leading candidate for SEC chair under Trump.

The decision for the new SEC chair is expected before Thanksgiving.

President-elect Donald Trump is reportedly considering Teresa Goody Guillén, a seasoned securities attorney and blockchain expert, to chair the U.S. Securities and Exchange Commission (SEC). Goody Guillén, a partner at BakerHostetler and co-lead of its blockchain team, has significant experience in securities law and blockchain advocacy.

A crypto lawyer running the SEC? Life moves pretty fast https://t.co/d25JidNYKW

— Eric Balchunas (@EricBalchunas) November 19, 2024

Trump’s transition team prioritizes a pro-crypto candidate to replace outgoing Chair Gary Gensler. Gensler is expected to step down before Trump’s inauguration on January 20, aligning with the president-elect’s promise to overhaul the SEC. Trump aims to end the agency’s “regulation by enforcement” approach and introduce light-touch crypto regulation.

A Transformative Choice

Goody Guillén served in the SEC’s Office of the General Counsel from 2009 to 2011. She later worked with former SEC Chair Harvey Pitt, advising clients on enforcement issues. Her dual experience within the SEC and as a defender of blockchain companies makes her a strong contender for the role.

Crypto executives, including Brendan Playford of Masa, strongly support Goody Guillén. Playford described her as an “instant change-maker” capable of transforming the SEC’s stance on digital assets. Industry leaders believe her appointment would drive regulatory clarity and support the crypto sector’s growth.

Goody Guillén faces competition from high-profile candidates, including Robert Stebbins of Willkie Farr & Gallagher and former SEC Commissioner Paul Atkins. Other contenders include Robinhood’s Chief Legal Officer Dan Gallagher and Brian Brooks, former Acting Comptroller of the Currency.

Trump’s transition team, led by Howard Lutnick, aims to finalize the SEC chair decision before Thanksgiving. This swift process reflects the administration’s focus on rapid regulatory reform.

If selected, Goody Guillén’s leadership could mark a turning point for U.S. crypto regulation. Her understanding of securities law and blockchain technology positions her to foster a balanced regulatory environment. The industry awaits Trump’s announcement, which could reshape the SEC and the future of crypto in the U.S.

Highlighted Crypto News TodayCan Ethereum Break Free from Its Consolidation Phase?

La batalla legal entre Ripple y la SEC ha capturado la atención mundial, pero ahora se vislumbra una posible solución que podría cambiar el rumbo de la industria cripto. Con los expertos sugiriendo que un acuerdo podría estar al alcance por una cifra menor a los $125 millones inicialmente planteados, las especulaciones sobre la resolución del caso han alcanzado nuevos niveles. La clave podría estar en la interpretación legal de las ventas de XRP, que algunos expertos consideran como transacciones de mercancías, no como contratos de inversión, lo que debilitaría el caso de la SEC.
El reconocido abogado Jeremy Hogan ha destacado que la SEC podría estar dispuesta a reducir la multa, lo que podría interpretarse como un retroceso en su estrategia regulatoria. Esto no solo pondría en entredicho el fallo previo, sino que también podría sentar un precedente peligroso para futuras acciones contra otros proyectos cripto. Con el futuro de Ripple en juego, un acuerdo favorable podría desencadenar una nueva era de mayor claridad y confianza para la industria blockchain.
Sin embargo, el desenlace podría estar influenciado por factores fuera del tribunal. El posible cambio de liderazgo en la SEC y la creciente presión sobre las decisiones regulatorias podrían alterar la estrategia del organismo. Lo que está en juego es mucho más que un solo caso: es el futuro de las criptomonedas en los Estados Unidos. 2025 podría ser el año que defina no solo el destino de Ripple, sino también el rumbo de la regulación cripto global.
#Criptomonedas #Xrp🔥🔥 #MarketDownturn #SEC

Teresa Goody Guillén, a blockchain advocate with deep regulatory roots, is reportedly Donald Trump’s top pick to lead his U.S. Securities and Exchange Commission (SEC).

The president has made it clear he’s had enough of Gary Gensler and his aggressive enforcement style, and now he’s looking for someone who not only understands the rules but can work with the crypto industry instead of treating it like the enemy.

Guillén is a partner at BakerHostetler and the co-leader of its blockchain practice. She worked at the SEC during the Obama administration and later took her skills to private practice, where she helped companies fend off the same agency she once served.

This blend of insider knowledge and industry advocacy has made her a favorite among crypto executives, many of whom are now rallying behind her as the ideal candidate to lead the SEC into Trump’s second term.

Crypto’s $130 million influence

Crypto companies poured over $130 million into Trump’s campaign and other Republican candidates. The industry is tired of Gensler’s “regulation by enforcement” tactics and wants someone who can bring a more balanced approach to the SEC.

As we reported before, Coinbase CEO Brian Armstrong has taken things a step further by meeting privately with Trump to discuss key appointments. With billions of dollars and the future of blockchain innovation on the line, having someone like Guillén in charge could change everything.

But Trump isn’t exactly short on options. Alongside Guillén, the shortlist includes former SEC Commissioner Paul Atkins, Robinhood Chief Legal Officer Dan Gallagher, and Brian Brooks, who served as acting Comptroller of the Currency under Trump.

Gensler, meanwhile, is practically packing his bags. He’s been referring to his job in the past tense, a clear sign that he knows his days are numbered, and has accepted it.

SEC chairs traditionally step down during a presidential transition, and with Trump openly declaring he’d fire Gensler on day one, the writing is on the wall. It’d be embarrassing to hold on.

Guillén’s career and reputation

Guillén’s resume admittedly reads like a blueprint for someone who could lead the SEC. She started as an attorney in the SEC’s Office of the General Counsel from 2009 to 2011. During that time, she worked under Mary Shapiro, the agency’s first-ever female chair.

Later, she joined Kalorama Partners, where she worked closely with former SEC Chair Harvey Pitt, advising clients facing SEC enforcement actions. “She’s tough as hell,” one peer reportedly said.

The SEC is one of the most powerful regulatory agencies in the country, and its approach to crypto will have far-reaching implications for the industry and the economy as a whole.

Trump’s transition team isn’t wasting any time. Led by Cantor Fitzgerald CEO Howard Lutnick, the team is pushing to announce Gensler’s replacement before Thanksgiving.

Lutnick himself has been tapped as commerce secretary, while the race for treasury secretary is heating up with names like Scott Bessent, Mark Rowan, and Kevin Warsh in the mix.

Trump’s other appointments have been equally bold — and controversial. He’s named U.S. Rep. Matt Gaetz as attorney general, despite the ongoing sex trafficking allegations against him.

Former Fox News host Pete Hegseth has been tapped for defense secretary, while Tulsi Gabbard is set to become director of national intelligence.

Mark Uyeda dismisses rumors that he was Trump’s pick

Earlier in the week, rumors spread that perhaps SEC commissioner Mark Uyeda was Trump’s pick to replace Gensler. During a Bloomberg Intelligence event, he pointed out that Gensler’s aggressive rule-making and enforcement strategies had done more harm than good.

He didn’t confirm or deny rumors about his potential role as acting or permanent SEC chair, but did say he believes the Trump’s administration would take a completely different approach.

He called out the rushed timelines for public comment on new rules, which he argued silenced meaningful input. Uyeda also criticized Gensler’s push for costly and ineffective regulations, like the ones on climate disclosures. “What kills folks is [rules] that are not effective but costly,” he added.

He also addressed the SEC’s rocky relationship with the crypto industry and other financial players. Gensler’s tenure has been packed with lawsuits and public disputes, most of which, according to Uyeda, could have been avoided with better communication.

“The frustrating part from my perspective is a number of them could have been avoided by engaging,” he said. Uyeda served as a senior advisor to former SEC Chair Jay Clayton during Trump’s first term, a time when enforcement actions were more measured and less combative.

A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.