Current SEC Chairman Gensler crypto- Even though he is someone who is familiar with currencies, he has frustrated cryptocurrency investors in 4 years. It has made life unlivable not only for investors but also for US-based cryptocurrency companies. However, he will not be able to sit in that seat any longer. Because Trump promised months ago in front of thousands of crypto investors that he would fire him.
Trump Is the Best Case for Crypto
Donald Trump changed his stance on cryptocurrencies 180 degrees this year, and it paid off in the election results. cryptocurrency He won against Kamala Harris with the intense support of his investors.
2024 Bitcoin 
$75,017 The new President, who left his mark on July with the statements he made at the event, made very ambitious promises. He said a lot, from his ideal of making the USA the crypto capital to the idea that he would fire Gensler as soon as he took office.
New SEC Chairman
Gensler will likely resign once Trump takes office. With the change of management SEC We have always seen the heads of key institutions such as leaving office. The same thing happened in 2020 as in previous periods. Even though this is an unwritten rule, it is repeated all the time.
If Gensler doesn’t resign, Trump may ask him to resign. The last resort will be for Trump to put Gensler on passive duty and appoint someone to replace him. Crypto Who will replace Gensler, who is hated by everyone for trying to regulate currencies through sanctions?
According to reports based on sources familiar with the matter, Dan Gallagher, who serves as legal and compliance officer at Robinhood, is expected to be the new SEC Chairman. Robinhood, which also does crypto business, and its head of legal and compliance would be a great choice. If the new SEC Chairman is Gallagher, he will not need empathy because he has experienced firsthand how badly the SEC treats crypto companies. He knows the problems and what needs to be done.
There are two more candidates being talked about for the SEC President seat.
- Paul Atkins, CEO of Patomak Global Partners
- Robert Stebbins of law firm Willkie Farr & Gallagher
Since Dan is the man that has been talked about for a long time, he may have more luck. Trump’s national press secretary Karoline Leavitt said the names will be announced soon and everyone should wait for the announcement.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
