An article from the WSJ suggests that once Trump returns to the White House, the U.S. SEC may ease its legal battles against cryptocurrency exchanges. Although Trump has not yet revealed his choice for the next SEC chair, rumors suggest that multiple contenders are vying for the position following Gary Gensler's resignation.
The next SEC chair may come from a group of experienced regulators and legal giants, each bringing unique expertise. Paul Atkins served as an SEC Commissioner from 2002 to 2008 and currently leads financial consulting at Patomak Global Partners, making him a strong candidate. Additionally, Mark Uyeda has gained attention since 2022 for his pro-cryptocurrency stance, aligning with Trump's regulatory views.
Former Acting Comptroller of the Currency Brian Brooks and former SEC General Counsel Robert Stebbins have also emerged as strong contenders. Legal heavyweights Richard Farley and Norm Champ have also joined the race.
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WSJ: Once Trump returns to the White House, the SEC may ease legal battles against crypto exchanges
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