Donald Trump Confirmed These As US SEC Chair and Treasury Secretary?

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As a seasoned researcher with over two decades of experience in financial markets and blockchain technology, I find myself closely watching the developments in the Trump administration’s cabinet appointments, particularly those of the SEC Chair and Treasury Secretary.

Donald Trump, who is about to take office as U.S. President, is expected to reveal his choices for SEC Chair and Treasury Secretary this week, according to sources in the know. It’s being suggested that Trump might replace current SEC Chair Gary Gensler with Teresa Goody Guillen, a lawyer supportive of cryptocurrencies. As for the position of Treasury Secretary, Federal Reserve Governor Kevin Warsh and billionaire Marc Rowan are currently frontrunners.

Trump Considers Teresa Goody Guillen As US SEC Chair

During the search for a Securities and Exchange Commission (SEC) Chair, pro-cryptocurrency lawyer Teresa Goody Guillen has emerged as a strong candidate. Cryptocurrency companies are supporting Guillen because of her experience at the SEC, connections on Wall Street, and her history of representing blockchain firms in disputes with the agency.

Teresa Goody Guillen is a partner at BakerHostetler, and she jointly heads their blockchain department. She could assist Trump in revising policies throughout Gensler’s tenure and reducing red tape.

Among the contenders for the position of SEC chair are Brad Bondi, a crypto enthusiast, Paul Atkins, a former commissioner, and Robert Stebbins, a former general counsel. However, John Deaton, a lawyer supportive of XRP, and Brad Garlinghouse, CEO of Ripple, have criticized Stebbins’ nomination as a replacement for Gensler.

Kevin Walsh Leads for US Treasury Secretary Position

In my role as a researcher, I’ve uncovered some intriguing insights about the potential candidates for the U.S. Treasury Secretary position. According to sources such as FOX Business and Reuters, Kevin Warsh appears to be in the lead among these contenders. Remarkably, it has been reported that President Trump will conduct interviews with Warsh and Apollo Global Management CEO Marc Rowan for this esteemed role on Wednesday.

Latest Update: According to my reports, Kevin Warsh is currently the frontrunner for the U.S. Treasury position. However, this does not guarantee that he will get the role; this is merely based on information from my sources.

— Charles Gasparino (@CGasparino) November 20, 2024

The scope of the Trump team’s hunt for a Treasury chief broadens as Howard Lutnick, a founding member of DOGE, is tapped as Commerce Secretary. The possibility that Scott Bessent, founder of Key Square Group, might be the next U.S. Treasury Secretary has diminished in recent days.

Polymarket data indicates significant fluctuations in odds for the top Treasury position. At the time of writing, Mark Rowan leads with 53% of the odds on the prediction market.

SEC Chair and Treasury Secretary Crucial for Crypto Industry

It’s crucial to appoint suitable individuals to lead these government agencies, as it impacts both the regulations and expansion of the cryptocurrency sector. For instance, Teresa Goody Guillen could bring clear guidance on crypto regulations in the U.S. As for Ripple CEO Brad Garlinghouse, he feels that a change in leadership at the SEC may help resolve or dismiss ongoing crypto-related lawsuits.

John Deaton voiced his discontent towards Bob Stebbins serving as the head of SEC and Kevin Warsh holding the lead position at the Treasury.

I find it difficult to imagine a less suitable duo for these particular roles, especially with Lutnick at Commerce. He’s an excellent fit, unless Warsh becomes the Treasury Secretary in which case Lutnick would have been the better choice.

The potential surge of Bitcoin and other digital currencies could be on the horizon following the appointment of pro-cryptocurrency leaders as the SEC Chairman and Treasury Secretary under President Trump. Notably, the current BTC price has reached a record peak of $94,002.

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2024-11-20 09:24