Coinbase CEO Brian Armstrong has voiced his help for Securities and Change Commissioner (SEC) Hester Peirce‘s appointment to guide the company throughout President Donald Trump‘s second time period.
Armstrong’s feedback, shared on Nov. 8 by a publish on X, described Peirce as “sensible, truthful, skilled,” and able to bridging either side of the political spectrum. He emphasised that she could be your best option for the place.
Peirce, extensively revered within the crypto sector, has earned the nickname “crypto mother” because of her business help and outspoken opposition to regulatory actions that she believes unfairly goal digital belongings.
Her management might mark a major shift for the crypto business, which has usually seen present SEC Chair Gary Gensler as an adversary. Though Gensler’s time period is ready to run by 2026, historical past reveals {that a} new administration can deliver recent management to the SEC.
Trump’s current ballot victory and dedication to switch anti-crypto regulators have fueled discussions round Peirce as a preferred alternative amongst crypto advocates. Investor Ryan Sean Adams echoed this sentiment, noting her sturdy {qualifications} and dedication to the business.
Regardless of the momentum, stories counsel Peirce is probably not within the function, preferring to keep away from politics. Sources near Peirce have talked about her plans to depart the SEC and pursue beekeeping, though there’s hypothesis {that a} direct supply from the President might change her stance.
Different probably candidates
Other than Peirce, crypto advocates have additionally urged different notable supporters for the sector, together with SEC Commissioner Mark Uyeda, Robinhood’s Chief Authorized Officer Dan Gallagher, former Commodity Futures Buying and selling Fee (CFTC) Chairman Chris Giancarlo, former Performing Comptroller of the Foreign money (OCC) Brian Brooks, and former SEC Commissioner Paul Atkins.
Ripple CEO Brad Garlinghouse identified that Giancarlo, Brooks, or Gallagher could be “huge upgrades [to Gensler] in rebuilding the rule of legislation (and status) on the SEC.” He added that Gensler ought to be fired on the primary day of Trump’s second tenure.
In the meantime, different neighborhood advocates famous that every candidate brings a novel perspective that would higher affect the long run and development of crypto regulation in the US.
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