"Trump wants to bypass the Senate and directly appoint the SEC chairman! The crypto market may usher in a big change!"
In a series of remarks that shocked the cryptocurrency industry, US President-elect Trump hinted that he would directly appoint a new Securities and Exchange Commission (SEC) chairman by bypassing the Senate confirmation process through a recess appointment. This move is intended to quickly replace the current chairman Gary Gensler and further promote reforms in the cryptocurrency field.
Trump promised that if he returns to office, he will fire Gensler on "the first day", and this action may be achieved through a recess appointment. This strategy may have a profound impact on the crypto market, especially under the current market's high attention to regulatory policies.
The appointment of the SEC chairman has always been the focus of complex political games. Trump's remarks not only triggered speculation about Gensler's successor, but also may bring about a major shift in cryptocurrency regulatory policies. After all, Trump promised to adopt a more friendly crypto policy during the campaign, and this action may mark a major adjustment in policy direction.
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