— เอลีนอร์ เทอร์เรตต์ (@EleanorTerrett) 3 ธันวาคม 2024
Trump’s shortlist of candidates includes former Commissioner Paul Atkins, Robinhood’s Chief Legal Officer Dan Gallagher, Willkie Law Firm Partner Robert Stebbins, and current Securities and Exchange Commission Commissioner Mark Uyeda.
Whoever gets the nod will likely change how the commission approaches cryptocurrencies, financial markets, and corporate oversight.
Gensler’s leadership at the SEC was defined by lawsuits, regulatory scrutiny, and industry-wide frustration. The agency took on major players like Coinbase and Binance, accusing them of operating unregistered securities exchanges.
The fallout wasn’t just limited to crypto either. Wall Street executives and industry leaders clashed with Gensler over his push for transparency and tighter rules.
His leadership style (viewed as micromanaging and rigid) earned him enemies within his own agency too. High attrition rates among SEC staff were frequently attributed to his methods. Critics, including some members of Congress, called him “heavy-handed” and “out of touch.” Yikes!
Trump has wasted no time distancing himself from Gensler’s playbook. The president has repeatedly shared his desire to create a pro-crypto environment. “We’re firing the bureaucrats who stifle innovation,” he said at a rally a few months ago.
Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap