Trump is rumored to announce the candidate for the new SEC chairman as soon as possible! Who is most likely to succeed Gary Gensler?

US President-elect Trump will return to the White House in January next year. As Trump is about to take office, current SEC Chairman Gary Gensler, who has strict regulations on the cryptocurrency industry, has announced that he will officially step down from office on January 20 next year. According to FOX Business reporter Eleanor Terrett broke the news today that Trump will announce the candidate for the new SEC chairman as soon as tomorrow. (Preliminary summary: The Trump administration is rumored to let the "CFTC dominate cryptocurrency regulation" to weaken the SEC, and crypto dads have become popular candidates for crypto czar) (Background supplement: U.S. Congressman broke the news that "Hester Peirce" hopes to become the acting chairman of the SEC! Crypto supervision The era of friendship is coming?) US President-elect Trump will return to the White House in January next year. He has said that he will fire SEC Chairman Gary Gensler on his first day in office. Gary Gensler announced last month that he will fire the SEC on January 20 next year. The Trump administration officially resigned when it took office, which means that the era of high-pressure supervision that has long been criticized by the currency circle is expected to end. FOX Business reporter Eleanor Terrett tweeted today that sources revealed that Trump will announce the candidate to replace Gary Gensler as the new SEC chairman as soon as tomorrow. NEW: @realDonaldTrump’s pick to replace @GaryGensler as @SECGov Chair could be announced as soon as tomorrow, sources tell @FoxBusiness. Stay tuned . — Eleanor Terrett (@EleanorTerrett) December 3, 2024 Who will replace Gary Gensler? Trump has yet to officially announce his preferred choice for the new SEC chairman, but the Washington Post cited five people familiar with the matter last month as saying that Trump advisers are considering current regulatory officials, former federal officials and financial industry executives to serve as important leaders. positions, many of whom have publicly expressed pro-cryptocurrency views. The list of strong candidates to lead regulatory agencies such as the SEC includes: Former SEC official Daniel Gallagher: Currently the legal director of Robinhood, a well-known US online brokerage and cryptocurrency trading platform, he has criticized the SEC for adopting a scorched-earth policy towards cryptocurrencies. Republican SEC Commissioner Hester Peirce: Known as the “Crypto Mom” by the crypto community, a well-known SEC crypto-friendly official has repeatedly criticized the SEC led by Gensler for its enforcement supervision of crypto and the lack of clear rules. Republican SEC Commissioner Mark Uyeda: Recently expressed his hope to help Trump fulfill his commitment to end the Biden administration’s “cryptocurrency war.” Other potential candidates include former SEC Commissioner Paul Atkins, and former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo, who is nicknamed "Crypto Dad" by the community. However, it was recently reported that Christopher Giancarlo is no longer under consideration for SEC Chairman. , but may assume the role of the first "cryptocurrency czar" in history in the new government. A "czar" is a political term coined by the media. It is commonly referred to as a senior administrative official named by the president to promote specific policies. They can be external advisers or serve within the government. Former President Obama appointed dozens of czars specializing in different areas, and Trump also appointed four czars during his first term. It is rumored that Hester Peirce may take over as acting chairman. In addition, it is worth noting that Republican Arkansas Representative French Hill said late last month that when Gary Gensler steps down on January 20 next year, Hester Peirce may become the new acting chairman of the SEC. Hester Peirce is considered a suitable candidate to replace Gary Gensler. When the president nominates a candidate to serve as SEC chairman, it must be submitted to a vote by the Senate. Only after confirmation can the candidate officially take office. However, if he is the acting chairman, Senate confirmation is not required. The Acting Chairman is typically a senior member within the SEC who is appointed to provide interim leadership directly upon the departure of the current Chairman until the full Chairman takes over upon confirmation by the Senate. Hester Peirce has always been regarded by the outside world as one of the popular candidates to serve as SEC chairman. However, Unchained reported last month that four sources close to Hester Peirce or who communicate with her regularly revealed that Hester Peirce has no intention to serve as SEC chairman. Hester Peirce also plans to leave the SEC when her term ends in June next year, and three of the sources also said that Hester Peirce also does not plan to serve as acting SEC chairman. Hester Peirce participated in the Asia Blockchain Summit held in Taipei in August this year and had a conversation with Wang Yixin, Chairman of the Taiwan Accounting Research and Development Foundation (ARDF), to discuss the future regulatory framework of the Web3 world. She advocated that the SEC should discuss how to While protecting consumers, innovation in the Web3 field should also be encouraged. Related reports Ripple XRP surged 25% to hit a three-and-a-half-year high! What other “SEC Revenge” concept coins should we pay attention to? Musk DOGE thinks "SEC is trash" and wants to fire him? Responding to Gensler: I heard that you are working one day a month. Trump nominates Bitcoin fan Howard Lutnick as Secretary of Commerce. Will the new SEC chairman be a crypto-friendly lawyer? "Trump is rumored to announce the new chairman of the SEC as soon as possible! Who is most likely to succeed Gary Gensler?" This article was first published in BlockTempo (Dong District Dongzhu - the most influential blockchain news media).