BCGAME - Free 5BTC Daily Bonus!Who will take over the SEC if current chairman Gary Gensler is fired? Some speculation in the crypto community is pointing to Mark Uyeda as the one leading the race for the chairmanship of the regulator.
As Donald Trump prepares to to assume the US presidency early next year, speculation is mounting within the cryptocurrency community about who might lead the Securities and Exchange Commission (SEC).
Market experts believe that Mark Uyeda, an SEC commissioner appointed in June 2022, has a strong chance of taking over the position. Uyeda has become known in the cryptocurrency community for having a stance quite critical of Gary Gensler's policies.
However, other members of the cryptocurrency community have speculated that SEC Commissioner known as “Crypto Mom,” Hester Peirce, could also be a candidate for the position.
It is worth remembering that the issue of Gensler's dismissal also seemed to be on Vice President Kamala Harris's desk before her defeat in the elections. Some recent reports Some even suggested that Harris was considering replacements for Gensler. Given the situation, two candidates have emerged: Chris Brummer, a professor at Georgetown Law, and Erica Williams, chair of the Public Company Accounting Oversight Board (PCAOB).
Trump May Fire Gary Gensler, Strengthen Regulatory Support for Cryptocurrencies in the US
The possibility of Donald Trump resumes the presidency of the United States has stirred expectations in the cryptocurrency market. Analysts indicate that a Trump victory, combined with the potential Republican dominance in the Senate, could transform the Securities and Exchange Commission (SEC) and the Senate Banking Committee into bodies more receptive to cryptocurrencies, paving the way for a new regulatory regime more favorable to the sector.
During his appearance at the Bitcoin 2024 event, Trump outlined his bullish outlook for the future of cryptocurrencies in the US. “Bitcoin, the primary cryptocurrency, will likely surpass gold,” he said, adding that he aims to make the US the crypto capital of the world.
Trump also promised to fire Gary Gensler on his first day in office and to advocate for self-custody of bitcoin, in addition to appointing a presidential advisory board focused on bitcoin and cryptocurrencies.
