cryptojournalist
Coinbase CEO Brian Armstrong recently called out Senator Elizabeth Warren for her role in appointing SEC Chair Gary Gensler. Armstrong claimed that Warren encouraged Gensler to take aggressive steps that could damage the U.S. crypto industry and advised crypto holders in Massachusetts to take note of her influence. Although Armstrong has endorsed certain Senate candidates, he has stayed neutral in the presidential race.
If former President Donald Trump wins the 2024 election, he has pledged to remove Gensler on his first day in office and appoint a more crypto-friendly SEC chair. Trump promised his appointee would focus on “building the future, not blocking it.”
Names circulating as potential replacements for Gensler include Dan Gallagher, Chief Legal Officer at Robinhood and a former SEC commissioner. Other candidates mentioned include former SEC General Counsel Robert Stebbins, current SEC Commissioner Hester Peirce, and former CFTC Chair Chris Giancarlo, all of whom bring significant regulatory experience.
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