After Donald Trump's victory in the US presidential election, the cryptocurrency industry is actively discussing the potential replacement of SEC Chairman Gary Gensler. Various candidates for the position are being considered.
Trump Team's Plans
Trump's transition team is considering nominating Robinhood's Chief Legal Officer Dan Gallagher as SEC chairman. He is reported to be high on the shortlist of potential candidates, as stated by Reuters.
Candidates for SEC Chairman
Among the candidates for the SEC chairman position, two names stand out: Dan Gallagher, a former SEC member, and current SEC member Hester Peirce. While there are other candidates, Gallagher is popular among cryptocurrency managers who favor financial innovation and market liberalization.
Support and Interests of Candidates
Dan Gallagher is known for his support of financial innovation and a distinct approach to cryptocurrency regulation, advocating classifying cryptocurrencies as a separate asset class. Hester Peirce, another strong candidate, has received support from Coinbase CEO Brian Armstrong, who stated that Peirce is the best choice for the role. Peirce is known for her fairness and professionalism.
As the decision on the new SEC chairman is yet to be made, the crypto industry is watching closely to see who will ultimately take on this crucial role.
