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President-elect Donald Trump stole the crypto industry’s heart with promises to end the Biden Administration’s anti-crypto crusade and “fire” SEC Chair Gary Gensler on day one.
While Trump has yet to propose a Gensler replacement and his ability to relieve sitting SEC commissioners appears legally dubious, crypto participants are nonetheless ecstatic about prospects that a new SEC chair will soon alleviate one of the industry’s greatest regulatory pain points.
Commissioners Hester Peirce and Mark Uyeda may have already removed themselves from contention for the chair, but they have been outspoken advocates for digital asset liberties and regulatory restraint throughout their tenures at the SEC.
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