Who's Next to Replace Gensler at the SEC? Trump's Top Picks Revealed!
The new President of the United States, Donald Trump, has stated that he will remove Securities and Exchange Commission (SEC) Chairman Gary Gensler on his first day in office. Trump emphasized Gensler's anti-crypto stance, arguing that he should be dismissed. Following this development, discussions have begun regarding potential candidates to succeed Gensler.
Prominent candidates include: Hester Peirce and Brian Brooks.
Hester Peirce is currently serving as one of the SEC commissioners and is known for her pro-crypto stance. Peirce frequently opposes the SEC’s stringent regulations on cryptocurrencies and advocates for innovative approaches. Therefore, she is considered one of the leading candidates for the SEC chairmanship.
Another significant candidate is Brian Brooks. Brooks previously served as the CEO of Binance.US and has become an influential figure in the crypto industry as the Acting Comptroller of the Currency. His management experience and reputation in the crypto sector position him as a potential successor to Gensler.
Chris Giancarlo and other names Chris Giancarlo is recognized as the former chairman of the Commodity Futures Trading Commission (CFTC). Giancarlo has positive views on the adoption of cryptocurrencies and the development of Blockchain technologies, which positions him as a possible candidate for SEC chairman.
Dan Gallagher and Mark Uyeda are among other potential names. Gallagher has previously served as a commissioner at the SEC and is currently the Chief Legal Officer at Robinhood. Uyeda has drawn attention for his opposition to Gensler's anti-crypto policies as an SEC commissioner.
Surprise offer from Justin Sun Meanwhile, Justin Sun, the founder of Tron and a colorful figure in the crypto world, has extended an open invitation to Gary Gensler to be involved in his projects should he be removed from his presidential role.
Sun expressed that their doors would be open if Gensler approached the crypto industry sincerely. It remains unclear whether this offer is a criticism of Gensler’s strict stance on crypto regulations or a genuine proposal.
All these developments indicate that uncertainty persists regarding how U.S. cryptocurrency policy will shape in the future. The question of whether crypto-friendly policies will be adopted under the Trump administration continues to be a topic of interest.