**Rumors of Kamala Harris Considering Gary Gensler as US Treasury Secretary Spark Controversy**
Recently, reports emerged that US Vice President Kamala Harris is considering Securities and Exchange Commission (SEC) Chairman Gary Gensler as a possible Treasury Secretary if she wins the 2024 presidential election. The news immediately sparked speculation and concern, especially among the crypto industry and some politicians.
**Rumor Background**
The report, first published by The Washington Reporter, claimed that several senior Senate staffers confirmed Harris's plans. However, this news was quickly denied by several political figures, including Custodia Bank CEO Caitlin Long, who stated that the rumor was not true and even suspected that Gensler himself may have spread it.
**Implications for the Crypto Industry**
Many crypto industry players are concerned that if Gensler is actually appointed as Treasury Secretary, it could worsen the state of crypto regulation in the United States. Gensler is known for being a very strict figure in overseeing the industry, and some have suggested that his appointment could spell the end of the crypto industry in the US. Bankless founder Ryan Sean Adams stated that if the rumors are true, many crypto industry players may choose to leave the United States.
**Responses from Others**
However, some political analysts doubt the veracity of this report, given that Harris herself has not made an official statement on the matter. Many are still waiting for further confirmation to find out whether this rumor is just speculation or has a strong basis.
**Conclusion**
To date, the rumor about Kamala Harris considering Gary Gensler as Secretary of the Treasury is still being debated. However, if true, this move has the potential to bring major changes, especially to the regulation of the crypto industry in the United States.
