US President-elect Donald Trump plans to announce the US SEC Chair and Treasury Secretary this week, as per sources familiar with the matter. Trump considering replacing SEC Chair Gary Gensler with pro-crypto lawyer Teresa Goody Guillen. Meanwhile, Federal Reserve Governor Kevin Warsh and billionaire Marc Rowan are now the leading contenders for Treasury Secretary position.
Trump Considers Teresa Goody Guillen As US SEC Chair
As the Donald Trump transition team looked for an SEC Chair, pro-crypto lawyer Teresa Goody Guillen has emerged as a lead contender. Crypto firms back former SEC attorney Guillen due to her SEC experience, Wall Street ties and representing blockchain firms against the agency.
Teresa Goody Guillen partner at the law firm BakerHostetler, where she co-leads its blockchain practice. She can help Trump overhaul the policies during Gary Gensler’s term and cut bureaucracy.
Other SEC chair candidates include another crypto favorite Brad Bondi, former SEC commissioner Paul Atkins, and former SEC general counsel Robert Stebbins. Pro-XRP lawyer John Deaton and Ripple CEO Brad Garlinghouse slammed Stebbins’ candidacy for replacing Gensler.
Kevin Walsh Leads for US Treasury Secretary Position
FOX Business senior correspondent Charles Gasparino revealed that Kevin Warsh is leading other candidates for US Treasury Secretary position. As per ReutersTrump will interview Warsh and Apollo Global Management CEO Marc Rowan for the Treasury job on Wednesday.
Breaking: Trust me on this — Kevin Warsh is in the lead position for @USTreasury as i have been reporting that doesn’t mean it’s a done deal but that’s what my sources have been saying
— Charles Gasparino (@CGasparino) November 20, 2024
Trump team’s search for Treasury chief widens as DOGE founding member Howard Lutnick named Commerce Secretary. The odds of Scott Bessantfounder of hedge fund manager Key Square Group, becoming the next US Treasury Secretary also dropped recently.
Polymarket data indicates significant fluctuations in odds for the top Treasury position. At the time of writing, Mark Rowan leads with 53% of the odds on the prediction market.
SEC Chair and Treasury Secretary Crucial for Crypto Industry
The nomination of the right people to head these government agencies is important for the crypto industry in terms of regulations and growth. Teresa Goody Guillen as SEC Chair can help bring crypto regulatory clarity in the United States. Crypto leaders such as Ripple CEO Brad Garlinghouse believe the SEC under new leadership can help settle or dismiss crypto lawsuits.
John Deaton expressed his dissatisfaction with Bob Stebbins as the lead for SEC and Kevin Warsh as the lead for Treasury.
“I can’t think of a worse combined pick for those two positions. Lutnick at Commerce is great and the right choice (unless Warsh is the Treasury Secretary – then it should’ve been Lutnick).”
Bitcoin and altcoins can see another rally wave after Trump nominates crypto-friendly SEC Chair and Treasury Secretary. BTC price today hit a new all-time high of 94,002.
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Varinder Singh
Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
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