The possible appointment of Teresa Goody Guillén as SEC Chair under the Trump administration could be a turning point in cryptocurrency regulation.
Appointment of Teresa Goody Guillén
The Trump administration is considering Teresa Goody Guillén, a renowned securities attorney, as a candidate for the position of the U.S. Securities and Exchange Commission (SEC) Chair. If appointed, this could mark a significant shift from the current stricter regulatory stance under Gary Gensler.
Experience in Finance and Blockchain
Teresa Goody Guillén is a partner at BakerHostetler, co-heading the firm's blockchain division. She previously worked at the SEC as general counsel from 2009 to 2011, providing her with a unique blend of internal commission knowledge and blockchain advocacy. She is supported by both crypto communities and traditional financiers for her deep understanding of securities law.
Competitors and Trump's Plans
Teresa Goody Guillén is one of several candidates for the SEC Chair position, including figures like Robert Stebbins and Brad Bondi. The Trump administration aims to appoint the new chair as soon as possible to revise existing financial regulations, and it is suggested that this could happen before Thanksgiving.
The appointment of Teresa Goody Guillén could lead to significant changes in the SEC's approach to cryptocurrency regulation. In a context of rapidly changing financial regulations, this appointment will be closely watched.
