Hester Peirce, Paul Atkins or Uyeda?
President-elect Donald Trump could announce his choice for the new Securities and Exchange Commission (SEC) chairman as early as tomorrow, according to Fox Business News reporter Eleanor Treat, citing sources.
The report comes as the cryptocurrency community awaits the ouster of current SEC Chairman Gary Gensler. This could lead to better cryptocurrency policy as Trump aims to overhaul U.S. cryptocurrency regulations.
Gary Gensler’s replacement Myopia is reported
Gensler is Officially resigning in January 2025but reports indicate that his Departure may be earlier. According to recent reports, the cryptocurrency market may know the next SEC chairman as early as tomorrow.
Donald Trump’s pick to succeed Gary Gensler as SEC chairman could be announced as early as tomorrow, sources tell Fox Business. Stay tuned,” Tret shared.
Paul Atkins is a former SEC commissioner and a prominent deregulation advocate. The main contenders to replace Gensler. Two current SEC members, Hester Pierce and Mark Oujedaare also in the running as they are also being considered for the role.
Both Peirce and Uyeda have publicly criticized the SEC’s heavy-handed enforcement approach to cryptocurrency regulation under Gensler. Advocate for clearer guidelines and industry collaboration.
Oujeda has been particularly vocal about the need for a balanced regulatory framework, Promote innovation while protecting investors. The leadership of one of these three candidates could mark a major shift in the SEC’s stance on digital assets, with Trump’s vision for a more crypto-friendly environment.
“Let’s hope the next alternative is a professional cryptocurrency and brings benefits to us crypto community!” A user on X (Twitter) commented.
Gensler’s expected departure, meanwhile, marks the end of a controversial tenure that was marked by aggressive enforcement actions against cryptocurrency companies. Cryptocurrency supporters have widely criticized his regulatory approach for creating uncertainty in the industry.
Tron founder adds humorous twist Justin Sun recently offered a job at Gensler In the blockchain space, the polarizing reaction to its policies was highlighted, albeit in jest.
The expected appointment of a new SEC chairman is part of Trump’s broader plan to reform U.S. financial regulation, particularly in the cryptocurrency space. During the campaign, Donald Trump promised to fire Gary Gensler and introduce reforms to establish clear, innovation-friendly rules for digital assets. This is in line with his administration’s pro-business agenda and has the potential to position the United States as a global leader in the industry.
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