As Donald Trump gears up for another term, speculation mounts over crypto regulation, focusing on SEC leadership. FOX journalist Eleanor Terret's posts suggest SEC Chairman Gary Gensler might resign before Trump's 2025 inauguration, leaving his term incomplete.
Pro-crypto candidates are being considered to succeed Gensler. Former CFTC Chairman Christopher Giancarlo dismissed nomination rumors, while Dan Gallagher, Bob Stebbins, Paul Atkins, and Brad Bondi are in the running. Gallagher might reconsider leaving Robinhood, Stebbins, despite lacking a crypto background, could align with Trump's administration.
Atkins and Bondi advocate for a lighter regulatory touch. Other names like Heath Tarbert and Brian Brooks are circulating, with Mark Uyeda and Hester Peirce showing varied interest in the SEC role. Terret expects a pro-crypto SEC chair to emerge.
The Trump administration might allocate more resources to the CFTC, enhancing its role in crypto regulation. While specifics remain unclear, this shift could impact the trajectory of cryptocurrency regulation significantly.
