241120: Blockchain Expert Teresa Goody Guillén Could Lead SEC in Pro-Crypto Era

President-elect Donald Trump is considering Teresa Goody Guillén, a seasoned securities lawyer and blockchain expert, to lead the U.S. Securities and Exchange Commission (SEC). A partner at BakerHostetler and co-leader of its blockchain team, Goody Guillén has extensive experience working for and challenging the SEC on behalf of blockchain and traditional financial companies. Crypto industry leaders are advocating for her appointment, highlighting her deep understanding of securities laws and pro-crypto stance. Brendan Playford, co-founder of Masa, praised her as an "instant change-maker" capable of transforming the regulatory landscape.

Trump's team is seeking a pro-business leader to replace Gary Gensler, who is expected to step down before the January 20 inauguration. Goody Guillén’s approach aligns with Trump’s vision to reduce regulatory enforcement and adopt a more measured stance on crypto until clear congressional legislation is passed. Described as tough yet pragmatic, she has been lauded for her ability to navigate both traditional markets and the crypto sector effectively.

Goody Guillén faces competition from other candidates, including legal experts and former SEC officials. Her potential nomination reflects the Trump administration's intent to reshape the SEC and promote innovation in U.S. crypto markets. An announcement is expected before Thanksgiving.

Source: CoinDesk

Futures Market Updates

In the past 24 hours, BTC futures showed a rise in total open interest (+1.65%) while ETH futures experienced a slight decline (-0.24%), indicating stronger market engagement for Bitcoin. Trading volumes dropped for both, with ETH futures (-25.97%) seeing a sharper decline compared to BTC futures (-5.64%). Liquidation trends highlight more balanced pressures for BTC ($31.16M long vs. $46.67M short) versus a short-biased trend in ETH ($26.36M long vs. $8.02M short). BTC futures maintained a neutral long/short ratio (50%/50%), whereas ETH skewed slightly bearish (48.22% long / 51.78% short). Funding rates were higher for ETH (0.0185%) than BTC (0.0111%), signaling stronger demand for leveraged long positions in ETH.

BTC Futures Updates

Total BTC Open Interest: $57.20B (+1.65%)

BTC Volume (24H): $109.90B (-5.64%)

BTC Liquidations (24H): $31.16M (Long)/$46.67M (Short)

Long/Short Ratio: 50.00%/50.00%

Funding Rate: 0.0111%

Ether Futures Updates

Total ETH Open Interest: $17.78B (-0.24%)

ETH Volume (24H): $32.68B (-25.97%)

ETH Liquidations (24H): $26.36M (Long)/$8.02M (Short)

Long/Short Ratio: 48.22%/51.78%

Funding Rate: 0.0185%

Top 3 OI Surges

GMCI30: $33.26K (+546.03%)

1000WHY: $7.62M (+154.71%)

T: $14.19M (+114.90%)