Daniel Gallagher, Hester Peirce and Mark Uyeda are considered for the SEC.
Everything indicates that Trump is willing to keep his promises to the sector.
President-elect Donald Trump is preparing the United States government to adopt a more favorable stance for the development of the cryptocurrency sector, according to information published in the Washington Post.
According to what he points out the articlethe president-elect is already looking at a list of pro-bitcoin candidates whom plans to place in key positions in his cabinet. His main advisors would be meeting with executives of the bitcoin ecosystem to evaluate the possible changes to be implemented in federal policy.
“With a more permissive regulatory environment, Trump intends to fulfill his electoral promise of turning the United States into the cryptographic capital of the planet,” the publication notes, a fact that is possibly influencing the skyrocketing price of bitcoin, which this December 11 November reached USD 89,000 marking in a few days several all-time highs.
Sources linked to the Reuters agency point out that the process of electing a cabinet and other administration officials really began Last week, he barely knew of his victory in the presidential elections.
Thus, the new administration plans to fill important leadership positions with a mix of current regulators, former federal officials and financial industry executives, many of whom have publicly expressed opinions in favor of cryptocurrencies.
It is a process that is still in its early stages and where a wide list of candidates. The idea is to make a 180-degree turn in cryptocurrency policy and regulation, thus proposing a dramatic change in the way the government approaches the industry.
A possibility that points to Trump’s disposition to honor the commitments made during his campaign and that would confirm the high level of influence that the sector is having in American politics. Above all, after the financial support that was offered to the candidate and after the Republicans had won the majority in Congress.
The SEC and the Treasury Office are key
One of the positions where the greatest emphasis is being placed is the chairmanship of the Securities and Exchange Commission (SEC), currently occupied by Gary Gensler. An official highly questioned during the Joe Biden government for carrying out a series of actions to the detriment of the ecosystem. His opposing attitude earned him rejection from the sector and was even questioned by Congress.
Trump has promised to remove him, a procedure that would take time. Although what is expected is that Gensler will resign from his position once the change of government occurs next January. According to the Washington Post, Trump is already evaluating candidates to replace him.
Trump advisers have set their sights on Paul Atkins, a former SEC commissioner who helped in Trump’s last transition, and Chris Giancarlo, a former commissioner of the Commodity Futures Trading Commission (CFTC). As CriptoNoticias has reported, the list also includes the former Republican commissioner of the SEC, Daniel Gallagher; and current commissioners Hester Peirce and Mark Uyeda.
The publication adds that with an eye on these changes, senior executives of the ecosystem are holding meetings with Trump’s advisors, highlighting among them the directors of Ripple and Coinbase. Key positions in government include leadership of the CFTC and the Treasury Office.
In that sense, most of the media appointment the name of Scott Bessent as one of the main candidates for treasury secretaryreplacing Janet Yellen, openly declared anti-bitcoiner. Bessent is a billionaire hedge fund investor who is known for its pro-cryptocurrency stancebeing particularly a defender of Bitcoin.
According to Reuters, in addition to Bessent, John Paulson is another of the main candidates for the key role in the Treasury Office, although so far his position has not been very in favor of the sector.
In any case, we must hope that over the next few months the names will be revealed and “Trump’s willingness to comply with the sector” will become clearer to everyone, demonstrating the sincerity of his change in favor of cryptocurrencies.
