The first 100 days are crucial for Donald Trump after taking charge as the 47th US President. As Trump’s return to office in January 2025 approaches, the crypto world is abuzz with talk of who might replace current SEC Chair Gary Gensler. Crypto has won half the battle with pro-crypto governance whereas many things need to be addressed on priority before that we need a good SEC chair.
Let’s find out the list of candidates that have good chances of replacing Gensler.
SEC Commissioner Mark Uyeda has emerged as a top candidate, according to crypto lawyer Jake Chervinsky. Appointed in 2022, Uyeda has been vocal in his criticism of Gensler’s enforcement-focused approach, calling it a “disaster for the industry.” Uyeda’s opposition to harsh regulations has gained him support from crypto advocates who want a more cooperative relationship with the SEC.
Some crypto supporters hoped Hester Peirce, known as “Crypto Mom” for her pro-crypto views, would step into the role. Peirce has repeatedly urged the SEC to foster innovation instead of stifling it. However, Chervinsky doubts her chances, suggesting they are “very low.” He believes Peirce might be unwilling to take on the demanding role of SEC Chair, despite her strong crypto stance.
Chervinsky also hints that Trump might prefer to appoint an entirely new face to lead the SEC. This choice could align with Trump’s objective to reverse Biden’s restrictive regulatory measures, which many see as stifling to the industry.
Chervinsky suggests that Trump’s main priority should be to ease the SEC’s aggressive actions against crypto firms and to address the Department of Justice’s prosecution of Tornado Cash. As Trump’s term draws closer, many in the crypto world are hopeful that his administration will adopt regulations that better support industry growth and innovation.
With a new SEC leader, 2025 might just be the year the crypto world gets the regulatory clarity it has long awaited.
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