Kamala Harris Is Allegedly Considering Two Names To Replace Gary Gensler As SEC Chair – What Are Their Crypto Views?

Kamala Harris’ staff views Brummer and Williams, who’re anticipated to have a constructive view on cryptocurrencies, as potential alternate options to the SEC chairman.

Kamala Harris’ transition staff is reportedly evaluating candidates to exchange Gary Gensler as chairman of the Securities and Trade Fee (SEC), in line with sources conversant in the talks.

Two potential replacements embrace Georgetown Regulation professor Chris Brummer and Erica Williams, chair of the Public Firm Accounting Oversight Board (PCAOB), each of whom are believed to have a extra constructive view of cryptocurrencies than Gensler.

Vice President Harris has made no public or personal dedication to exchange Gensler, and it stays unclear how significantly her staff is contemplating Brummer, Williams or different candidates. For now, Harris’ marketing campaign is targeted on mobilizing voters whereas juggling a short while body and different urgent coverage points.

“It is vitally unclear who the frontrunner is for the time being,” mentioned a supply. “Harris’ marketing campaign is cautious about taking a pro-crypto stance forward of the election, fearing it might alienate progressive voters who see crypto as a ‘hoax’ with out attracting new undecided voters.”