As the days go by, speculation continues to mount over who will be the next chairman of the US Securities and Exchange Commission (SEC), a decision that could significantly shape the future of Cryptocurrency regulation.
According to various reports, four names have consistently been on the list, including former SEC Commissioner and Robinhood Chief Legal Officer “Dan Gallagher,” former SEC Commissioner “Paul Atkins,” Willkie Farr & Gallagher partner , “Robert Stebbins” and Paul Hastings’ partner, “Brad Bondi.”
However, various anonymous sources have indicated that in discussions about the presidency of the SEC, Robert Stebbins is on the “short list.” It should be noted that Robert Stebbins previously served as general counsel of the SEC in 2017.
«President-elect Donald Trump is making decisions about who will fill positions in his second administration. “He will continue to announce those decisions when they are made.” Said Karoline Leavitt, spokesperson for the “Trump-Vance” transition.
It is important to note that the next chairman of the SEC will play a fundamental role in defining the future of cryptocurrency regulation. For reference, during the tenure of current SEC Chairman Gary Gensler, the agency has taken a hardline stance, filing charges against major players in the crypto industry such as Coinbase, OpenSea, and Kraken.
In addition, Gensler has also maintained that most cryptocurrencies qualify as securities and has urged crypto companies to register with the regulator.
On the other hand, Donald Trump has said he would fire Gensler, but other sources have noted that Gensler would likely resign as other presidents have done in the past, but could decide to stay on as SEC commissioner.
The race for the SEC, the favorites of the cryptocurrency industry
However, despite the various reports, the crypto industry has its own opinions on who should be the next SEC chairman.
For reference, Ripple CEO “Brad Garlinghouse” expressed in a post on Commodities (CFTC), “Chris Giancarlo”, Brian Brooks or Dan Gallagher. However, Chris Giancarlo has since indicated that he is not interested in the SEC presidency.
“As for reports that I am fit to run the SEC, I have made it clear that I have already cleaned up the previous mess with Gary Gensler at the CFTC and do not want to do it again.” Chris Giancarlo expressed in a post on X on November 14.
In addition, former SEC compliance director “John Reed Stark” also detailed his own ideas about who will occupy the important position within the regulator.
“Both Paul Atkins and Dan Gallagher are good for the job and would take an equally cautious and thoughtful approach to cryptocurrencies.” Stark expressed.
Likewise, Stark said he was less familiar with Stebbins, but suggested that the crypto industry could oppose his appointment as SEC chairman. This, citing his role as general counsel during key cryptocurrency law enforcement actions.
On the other hand, according to the “Kalshi” prediction market, BakerHostetler law firm partner attorney “Teresa Goody Guillén” leads the race for the next position of SEC president, with a 45% chance, followed by “Brian Brooks” with a 24% chance and “Dan Gallagher” with a 15% chance.
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