Newly elected U.S. President Donald Trump is preparing to announce his candidates for the SEC and Treasury Department, potentially impacting the cryptocurrency market.
Teresa Goody Guillen as a potential candidate for SEC Chair
Trump is evaluating pro-crypto attorney Teresa Goody Guillen for the SEC Chair position. Guillen, who has previously worked at the SEC, has strong connections on Wall Street and is known for her support of blockchain firms. Her appointment could signify a significant shift in crypto regulation, with expectations for clearer and more investor-friendly regulations under her leadership.
Two strong contenders for Treasury: Warsh and Rowan
Former Federal Reserve official Kevin Warsh and billionaire businessman Marc Rowan are prominent candidates for the Treasury Department. Trump is set to meet with these candidates this week. Warsh is noted for his experience in financial markets and influence on economic policies, while Rowan is recognized for his successes in the business world and robust profile in the investment sector. These appointments could directly influence the crypto sector.
Potential effects on the cryptocurrency sector
The candidates selected for the SEC and Treasury are anticipated to reduce uncertainty in the crypto markets. These developments could create a positive atmosphere for Bitcoin and other altcoins. Should Trump select crypto-friendly candidates, Bitcoin prices may reach new heights, and trust from investors and companies is expected to increase.
The appointments Donald Trump makes in the SEC and Treasury could represent a pivotal moment for the cryptocurrency sector, reducing uncertainty and enhancing market confidence.
