Members of Trump's transition team confirm that the next SEC chairman is a pro-cryptocurrency choice
the Trump team has proposed a pro-cryptocurrency candidate to be the next SEC chairman.
Pro-cryptocurrency candidates such as Dan Gallagher and Hester Pearce are being considered to head the SEC.
Gary Gensler may face pressure to step down under the new Trump administration.
Fox Business reporter Eleanor Terrett recently reached out to sources close to the Trump team to shed light on the administration's approach to the next SEC chairman. Reporter Terrett asked if the new SEC commissioner would support cryptocurrency-friendly policies.
We asked a source close to Trump's transition team to name some of the candidates for @SECGov chairman and to see if their views on #cryptocurrency would influence their decision.
the answer was, I promise to be pro-cryptocurrency.
the sources suggested that the current government does not take an anti-cryptocurrency stance and assured that the team will really focus on choosing someone who supports #digital assets.
they promise to choose someone who supports #cryptocurrencies .
Although a final decision has not been made and discussions are ongoing, Trump's team seems to be focused on finding a candidate who will be open to encouraging growth and innovation in the digital asset industry.
Will Gary Gensler resign?
Appointed by President Joe Biden in early 2021, current SEC Chairman Gary Gensler has taken a tough stance on the cryptocurrency industry.
SEC Commissioner Hester Pearce, who is known for her support of the crypto industry, is also a candidate.
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