Crypto lover Teresa Goody Guillen is Trump’s pick to replace SEC chair Gensler
The SEC could see a major leadership shift under Trump’s potential second term. Displeased with current SEC Chair Gary Gensler’s strict “regulation by enforcement” approach, Trump is poised to replace him with someone more industry-friendly. A leading candidate is Guillén, a blockchain expert and co-leader of BakerHostetler’s blockchain practice, who previously worked at the SEC during the Obama administration. Guillén’s combination of insider experience and advocacy for crypto firms has made her a favorite among industry executives eager for a regulatory reset.
The crypto industry, which donated over $130 million to Trump’s campaign and other Republican candidates, has grown increasingly frustrated with Gensler’s tactics. It is lobbying for a leader who will encourage innovation rather than stifle it. Coinbase CEO Brian Armstrong has even met with Trump privately to discuss key appointments, emphasizing the high stakes for blockchain and crypto’s future.
Guillén is among several potential replacements, including former SEC Commissioner Paul Atkins, Robinhood Chief Legal Officer Dan Gallagher, and Brian Brooks, who previously served as acting Comptroller of the Currency. While Guillén’s track record—ranging from advising on SEC enforcement actions to working with former SEC chairs—makes her a strong contender, Trump’s team hasn’t finalized a decision.
Gensler, meanwhile, appears to be accepting his exit, even referring to his role in the past tense. His departure is expected soon, as SEC chairs often step down during presidential transitions. Beyond the SEC, Trump is making bold and controversial moves with his cabinet picks, including tapping U.S. Rep. Matt Gaetz for attorney general, despite ongoing legal issues, and considering several high-profile figures for treasury secretary.
