Donald Trump Administration Did Not Name New SEC Chair But Gave Good News!

Cryptocurrency journalist Eleanor Terrett reported in her new post on the social media platform X that she caught some clues about who will be the SEC Chairman in the Donald Trump administration.

Terrett said he reached out to an official on Donald Trump’s transition team, who will assume the presidency on January 20, and asked who Trump envisioned as SEC Chairman. He also asked what the new president’s views on cryptocurrencies would be.

According to the journalist's statement, the official in question responded by saying, “I promise that I will be a pro-cryptocurrency person.”

Current SEC Chairman Gary Gensler has until January 20 to resign. However, new US President Donald Trump, who is pro-cryptocurrency, is expected to remove SEC Chairman Gensler if he does not resign. Trump has promised to fire Gensler on his first day in office.

Among potential SEC Chairman candidates, Dan Gallagher, who currently serves as an advisor to Robinhood, which also serves as a cryptocurrency exchange, stands out. However, the possibility of a conflict of interest is also being considered due to the ongoing lawsuit between Robinhood and the SEC.

*This is not investment advice.