"SEC"
In the past few hours, Teresa has emerged as a leading candidate to take over the presidency of the body.
According to a report from CoinDesk, President-elect Donald Trump is seriously considering appointing her to succeed current CBB Chairman Gary Gensler, who is rumored to be leaving office by Thanksgiving.
This development has raised positive expectations within the cryptocurrency industry, which during Gensler’s tenure witnessed a hostile attitude towards digital currencies.
Teresa's appointment is expected to represent a major shift in the agency's policies, especially as Trump prepares to take office in January 2025.
Teresa has an extensive background in securities regulation and supporting blockchain companies, having served as an attorney in the Office of the General Counsel of the Securities and Exchange Commission from 2009 to 2011.
She later held a senior position at Kalorama Partners, where she advised clients on issues relating to securities laws.
Currently leading the blockchain practice at BakerHostetler, Theresa has gained significant support from crypto companies who see her as an advocate who can bring about positive change in regulatory policy.
What does this change mean for the industry?
If appointed, Theresa May’s leadership could represent a historic opportunity to reshape the relationship between the cryptocurrency industry and the SEC, with a more open and flexible approach to digital currencies.
This anticipated appointment could open new avenues for fostering innovation and reducing tensions between regulators and investors in the space.