📊 Donald Trump Is Considering Three Pro-crypto Candidates to Replace Gary Gensler
Donald Trump and his transition team have started exploring pro-crypto candidates for key financial regulatory roles who favor a less restrictive stance on digital assets.
Candidates under consideration include Hester Peirce, Mark Uyeda, and Paul Atkins as possible replacements for SEC Chairman Gary Gensler.
The SEC Will Look Different Under the New Trump Administration
According to The Washington Post, Trump’s team is reviewing a mix of current regulators, former officials, and financial industry leaders, many of whom have voiced strong support for cryptocurrency.
These appointments hold significant influence. The next chair of the SEC and other regulatory agencies will shape the future role of crypto within the US financial system.
Former SEC Commissioner Daniel Gallagher has previously criticized the agency’s stringent stance on crypto. He’s also a current board member of Robinhood.
Peirce and Uyeda have also voiced their disapproval of the SEC’s policies under President Biden. Peirce is seen as a potential interim SEC chair, with the possibility of heading a federal task force on crypto regulation.
Trump’s team is also considering Paul Atkins, a former SEC commissioner who advised during Trump’s previous transition, and Chris Giancarlo, former head of the Commodity Futures Trading Commission (CFTC). Both are known for their crypto-friendly positions.
“New regulatory regime will make it much easier for tokens to capture value from their protocols. Banks will be able to interact with the crypto industry where they couldn’t previously – institutional custody rules might significantly simplify,” popular crypto researcher Aylo wrote in an X (formerly Twitter) post.
Under Gensler, the SEC has pursued high-profile cases against Binance, Coinbase, and Ripple, alleging violations of securities laws. These companies deny the charges, which include operating without proper registration and fraudulent practices.