Kamala Harris Likely to Nominate Gary Gensler as Treasury Secretary if Elected: Senate Sources !!

According to a report from the Washington Reporter, U.S. Vice President Kamala Harris plans to nominate SEC Chair Gary Gensler as Treasury Secretary if she wins the presidential election this November. The report cited multiple senior Senate staffers as its source.

Many in the industry view the development as bearish for crypto if true. Notably, the SEC brought a number of enforcement actions against some of the leading projects and companies in the industry including Coinbase, Kraken and Uniswap during Gensler’s time as Chair. His approach to crypto has been criticised by politicians from across the aisle.

However, the report has not received official confirmation and many remain skeptical about its legitimacy. A report by The Block noted that the Washington Reporter describes itself as a “right-of-center” digital newspaper.

It also highlighted that the publication is staffed by self-described full-time Republican political “operatives” and was launched in 2024.

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