New US President Donald Trump is preparing to announce his candidates for the Securities and Exchange Commission (SEC) and the Department of Treasury. It is stated that Trump is considering replacing current SEC Chairman Gary Gensler. The crypto industry is carefully following the effects of Trump’s appointments on the industry.
Teresa Goody Guillen on the Agenda for SEC Chairman
Donald Trump has considered pro-crypto lawyer Teresa Goody Guillen for SEC Chairman. Guillen previously served at the SEC, has strong connections to Wall Street and is known for his support of blockchain companies. These features make it an ideal candidate in the eyes of crypto companies.
The appointment of Guillen, who is mentioned for SEC Chairman, could mean a significant change in crypto regulations. Analysts predict that clearer and investment-friendly regulations may emerge under Guillen’s leadership. Appointing a pro-crypto leader is critical to the growth of the industry.
“Trump is seriously considering Guillen for SEC chairman,” FOX Business reporter Charles Gasparino said. Gasparino also pointed out that this appointment could be a big win for crypto companies.
Two Powerful Names for the Treasury Department: Warsh and Rowan
For the Treasury Department, former Federal Reserve governor Kevin Warsh and billionaire businessman Marc Rowan stand out. According to Gasparino’s report, Trump will meet with the candidates on Wednesday. Warsh draws attention especially with his experience in financial markets and his influence on economic policies. Rowan is known for his successes in the business world and his strong profile in the investment sector.
The crypto industry is expected to be directly affected by these appointments. “Warsh is in a leadership position for the Treasury Department,” commented prominent figure John Deaton. However, he added that names such as Deaton, Warsh and Bob Stebbins could pose a threat to the crypto industry.
Effects on the Cryptocurrency Industry
The candidates selected for the SEC and Treasury Department are expected to reduce uncertainty in the crypto markets. These developments, Bitcoin 
$91,409 and it can create a positive atmosphere in other altcoins. Bitcoin reaching $94,002 during the day revealed the activity in the market.
It is stated that if Trump elects crypto-friendly candidates, Bitcoin prices may reach new peaks. Experts state that these appointments will strengthen the environment of trust for both investors and companies. New leaders at the SEC and Treasury could be a turning point for the crypto industry.
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.
