News View Non-AMP

Binance US Ex-CEO Brian Brooks Tops List for SEC Chair

Published by
Chandan Gupta

The overall cryptocurrency market has been experiencing notable upward momentum following the victory of pro-crypto Donald Trump and has gained support from the anticipated resignation of the current Securities and Exchange Commission (SEC) chairman, Gary Gensler.

When Is Gary Gensler Resigning as SEC Chairman?

Gary Gensler, the current Chairman of the SEC, is expected to resign voluntarily after Thanksgiving, with his departure likely to occur by early January 2025, before Donald Trump’s inauguration.

Before the SEC chair steps down, five potential candidates are currently in the race to become chairman. Amid this ongoing race, Brian Brooks, former CEO of Binance US has been named as a potential candidate to replace Gensler.

Will Brian Brooks Become the Next SEC Chairman?

According to a recent prediction platform, Brooks is currently at the top of the list, and this development on social media is gaining significant attention from crypto enthusiasts around the world. Despite his pro-crypto stance, there is a strong possibility he might face tough competition from other pro-crypto figures like Hester Peirce and Dan Gallagher.

However, currently, Brooks and Gallagher are the top two crypto personalities, with 41% and 25% chances, respectively.

The potential reason Brooks is currently at the top of the list is the need for a proper regulatory outlook in the United States. During Trump’s tenure, he allowed banks and institutions to experiment with blockchain technology and pushed for crypto regulation at that time. In addition, Brooks has experience with Binance and Coinbase.

While examining his past work, the crypto industry expects more crypto-related regulations that not only safeguard investors and traders but also allow everyone to explore this rapidly evolving cryptocurrency landscape.

If Brooks or other pro-crypto figures like Peirce or Gallagher are appointed, the cryptocurrency market could experience notable upside momentum due to the anticipated regulatory clarity and supportive policies that encourage innovation while safeguarding investors.

Chandan Gupta

Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

Recent Posts

Crypto Market Live Today—BTC Slips Below $82,000 While ETH, SOL, & XRP Juggle Around Crucial Support

The weekly trade has begun on a bearish note, with the prices of most tokens…

March 31, 2025

Crypto News: South Korean Trio Jailed for Crypto Ponzi Scheme Promising 30% Monthly Returns

A South Korean court has sentenced three members of a crypto scam ring to prison…

March 31, 2025

Ripple News: Can the SEC’s April 3 Meeting Save XRP from Dropping Below $2?

XRP has shown some interesting price movements over the past 24 hours, with increased trading…

March 31, 2025

Cardano (ADA) Price Prediction for March 31

Amid the bearish market sentiment, Cardano's (ADA) price prediction has become a key topic among…

March 31, 2025

Bitcoin Price Prediction 2025: Here’s Why You Need Not Panic as BTC Price May Rebound Soon!

Bitcoin is about to close the monthly trade on a bearish note, which may hinder…

March 30, 2025

Shiba Inu Price Prediction: SHIB Flashes Green As Rexas Finance (RXS) Positions Itself For a Shocking 21450% Move

Shiba Inu(SHIB) has been making headlines, especially with its recent development. It has started flashing…

March 30, 2025