Happycoin.club - In the run-up to the US elections, SEC Commissioner Hester Peirce has become a potential successor to the current head of the agency, Gary Gensler.
She owes her position to former President Barack Obama, who nominated her for this position in 2018. Over the years in the crypto industry, she has earned the nickname 'Crypto Mom' and has frequently criticized Gensler's strict approach to cryptocurrency regulation.
As is known, last summer former President Donald Trump promised to fire Gary Gensler on the first day of his presidency if he is, of course, re-elected; however, a compelling reason is required for this, and investigations can take up to a year.
It seems Peirce has already figured out what exactly Gensler was doing wrong:
Leaving cryptocurrency to the discretion of an endless series of erroneous and excessive actions was and remains a mistake with serious consequences.
Despite industry support regarding her potential appointment, the transformation of Peirce into the head of the regulator seems unlikely, as she has announced plans to leave the commission after her term ends in 2025.
