While he is sure to be inaugurated as the 47th President of the United States on January 20, Donald Trump and his advisors are working behind the scenes to designate the successor to Gary Gensler, the current president of the Securities and Exchange Commission. Exchange Commission.
A lawyer specializing in blockchain as future president of the SEC?
Force the dismissal of Gary Gensler as Chairman of the Securities and Exchange Commission (SEC) was one of Donald Trump's campaign promises.
Freshly victorious in the American presidential elections, the future president of the United States is working to identify the person who could take the helm of the American financial policeman.
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Among the names circulating, we find that of Teresa Goody Guillénpartner of the law firm BakerHostetler and co-head of its blockchain-related activities. Between 2009 and 2011, she was attorney in the SEC's Office of General Counselwhen Mary Shapiro was head of the financial authority.
According to people close to Donald Trump, the latter accompanied by his team of advisors seeks to fundamentally overhaul the SEC. Who will be inaugurated as the 47th President of the United States is looking an experienced person, not being a bureaucrat, and having a favorable position regarding blockchain and cryptocurrencies to take the lead in the SEC.
Its goal: put an end to the very conservative policy put in place by Gary Gensler, which for many players in the crypto industry, put obstacles in their way.
While waiting for the development of clear regulations on cryptocurrencies, Donald Trump would like the new president of the SEC show restraint when it comes to applying the legislative framework in force on securities which currently governs cryptocurrencies.
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To replace Gary Gensler, Donald Trump takes time to think
Last week, Gary Gensler learned he was targeted by a complaint filed by 18 US states. The latter accuse him for having exceeded his prerogativeswithout Congress even giving it authority over cryptoassets.
To defend himself, Gary Gensler published a letter immediately where he hinted at an upcoming resignation. “ It has been a great honor to serve with them, doing the people's work and ensuring our financial markets remain the best in the world, »Wrote the 33rd president of the SEC.
In recent days, other names have been discussed for becoming SEC chairman. Donald Trump would have thought of Robert Stebbinspartner at the law firm Willkie Farr & Gallagher LLP, Brad Bondialso a lawyer and former SEC commissioner, or Brian Brooksformer comptroller of the Office of the Comprtroller of the Currency, the entity responsible for regulating and monitoring American national banks.
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However, the person who would compete most with Teresa Goody Guillén to take the lead in the SEC would remain Dan Gallagher. His name had already been mentioned even before Donald Trump won the US presidential elections.
The current legal director of Robinhood is familiar with the crypto industry and the procedures recently carried out by the SEC since the company he works for was targeted by one of them.
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Source: CoinDesk
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Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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