Donald Trump’s potential SEC chairman should tackle 5 issues
Donald Trump has promised to fire SEC Chair Gary Gensler, whose work at the agency was defined by his animosity toward crypto.
It’s time for Securities and Exchange Commission (SEC) Chair Gary Gensler to polish his resume. At a Bitcoin conference in Nashville on July 27, Republican presidential nominee Donald Trump vowed to oust crypto’s favorite supervillain in favor of a pro-industry replacement.
That’s good news for Web3, but turning America into the crypto capital of the world isn’t as simple as saying “You’re fired.” Insatiable demand for tokenized dollars has given the US an invaluable head start, but Web3 still desperately needs investor protection and oversight. That’s exactly what the SEC exists to provide.
Trump should pick an SEC chair who understands this — and commits to five goals from the start.
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Author: Alex O’Donnell
