It's unclear who Trump will choose to lead the SEC next, but sources close to the transition team say being pro-crypto isn't the only quality of candidates being considered. In addition to cryptocurrencies, the SEC is also responsible for overseeing $100 trillion worth of securities markets, including stocks, bonds, mutual funds, Treasuries, and more.

"The SEC has great bones, but whoever leads it next will need great political chops as well as great administrative skills to bring it back to being part of the administrative agenda," Giancarlo said.

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