Speculations on the following chair of the Securities and Exchange Commission proceed to swirl as incoming US President Donald Trump stays mum on the difficulty.
Several names have been floated, with XRP’s John Deaton and SEC’s Mark Uyeda being two recent figures within the media. Nonetheless, if the present insider talks are to be considered, evidently Trump favors SEC lawyer Teresa Goody Guillén to switch Chairman Gary Gensler.
Sources say Trump desires to overhaul the agency and avoid Gensler’s “aggressive regulation” on crypto. In accordance with Trump’s transition team, Teresa Goody Guillén, an experienced securities lawyer, is leading the shortlist for the SEC chairmanship.
If chosen, Guillén’s appointment can drastically change the agency’s policies.
BREAKING: Donald Trump is considering replacing SEC Chair Gary Gensler with pro-crypto lawyer Teresa Goody Guillen.
Trump is supposedly in search of a pro-crypto SEC Chair substitute.
Guillen is a veteran of the SEC known to be pro-crypto. pic.twitter.com/186muDSzQY
— The Kobeissi Letter (@KobeissiLetter) November 19, 2024
Trump’s Transition Team Looking For A Crypto Expert
Crypto and the blockchain have grow to be an election issue this yr, with President-elect Trump offering vocal support for the industry. In certainly one of his campaign statements, Trump said he would remove Gensler from office if he won. With Trump winning the election, speculations are swirling on the possible Gensler substitute.
Multiple sources disclose that the present administration is in search of a crypto expert but also can soften the agency’s position on crypto regulations. Many blockchain analysts see Guillén as an ideal fit for the position due to her cryptocurrency and blockchain background and sensible approach to regulation.
As of today, the market cap of cryptocurrencies stood at $3.06 trillion. Chart: TradingView
Goody Guillén – Blockchain Experience With Advocacy
Guillén brings a wealth of experience to the agency along with her exposure to blockchain practice and securities laws. Guillén is a partner at BakerHostetler and co-led the firm’s blockchain practice.
Brendan Playford of Masa said Guillén is the very best candidate amongst those that are floated for the position. Playford stated that Guillén will implement the required changes to the agency.
Guillén indicated her experience working on the SEC office on her LinkedIn profile. She served because the SEC’s general counsel from 2009 to 2011 and has worked with former chief Harvey Pitt to supply recommendations on enforcement issues. Guillén’s crypto experience and advocacy make her a number one contender.
Trump Team Quickly Moving To Finalize The Pick
Guillén is amongst the various top-caliber names floated by experts and analysts in recent weeks. The shortlist for the position includes Brad Bondi of Paul Hastings, former SEC Commissioner Paul Atkins, John Deaton, and Mark Uyeda.
In accordance with multiple sources, Trump’s transition team is seeking to fast-track the choice process. Reports indicate that the team expects to formalize the pick before Thanksgiving.
The team’s urgency reflects Trump’s commitment to overhauling the cryptocurrency industry and the SEC’s regulations policies.
Featured image from Borsa Gundem, chart from TradingView