According to BlockBeats, on August 21, Washington Reporter cited sources indicating that while U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has not publicly expressed any intention to resign, several senior Senate staffers have informed the media that if U.S. Vice President Kamala Harris wins the presidential election in November, she plans to nominate Gensler for the position of Treasury Secretary. These rumors have been confirmed by multiple senior Republicans who have also expressed similar views publicly to Washington Reporter.
In addition to the possibility of serving as Treasury Secretary in a hypothetical Harris administration, there are also rumors that Gary Gensler might resign from his position as SEC Chairman, allowing President Joe Biden to nominate a new SEC Chairman before the November election.
Ben Schiller, the special editor of CoinDesk, commented that Washington Reporter was initiated by Republican activists, and spreading this rumor might deter cryptocurrency supporters from voting for the Democratic Party.
