Here Are the Latest Rumors and Cryptocurrency Views of the New Top Candidate

Cryptocurrency journalist Eleanor Terrett has shared the newest buzz surrounding potential candidates for the subsequent chairman of the US Securities and Change Fee (SEC) below newly elected President Donald Trump.

With the current appointment of Scott Bessent as Secretary of the Treasury, consideration has shifted to different key monetary oversight capabilities, together with the SEC, the Commodity Futures Buying and selling Fee (CFTC), and the Nationwide Financial Council (NEC).

In line with Terrett, former SEC Commissioner Paul Atkins is at the moment seen because the front-runner for the place. Atkins, who served below President George W. Bush, has lengthy been seen as an advocate for lighter regulation and will carry a crypto-friendly method to his function.

Nonetheless, different names have additionally come into play. The identify that stands out is that of Brad Bondi, a white-collar lawyer who works for Paul Hastings and is the brother of Pam Bondi, Trump’s rumored alternative for lawyer normal. Brad Bondi is intently related to Elon Musk. In 2018, he represented Tesla within the SEC’s lawsuit towards Musk over his notorious “funding-provided” tweet about taking Tesla personal.

One other sturdy candidate is Brian Brooks, who served as appearing comptroller of the forex through the Trump administration. Brooks is an outspoken proponent of cryptocurrency and blockchain innovation. A supply near Trump’s transition workforce mentioned Brooks just lately met with officers to debate the place.

A standard thread amongst potential candidates is their constructive angle in direction of cryptocurrencies. “I promise you he shall be pro-crypto,” Terrett quoted a senior member of Trump’s transition workforce as saying.

*This isn’t funding recommendation.