- Ripple’s Garlinghouse urges SEC reforms, advocating for pro-crypto leadership changes.
- Hester Peirce, “Crypto Mom,” emerges as a key candidate to replace SEC Chair Gary Gensler.
- Giancarlo, Brummer, and Cuban are also considered for SEC, each with unique crypto policy stances.
Ripple CEO Brad Garlinghouse has welcomed Donald Trump’s victory in the 2024 U.S. presidential election, urging the incoming administration to prioritize regulatory reform.
Garlinghouse highlighted the need for replacing SEC Chair Gary Gensler, recommending candidates like former CFTC Chair Chris Giancarlo or ex-acting Comptroller of the Currency Brian Brooks. He believes these leaders could bring much-needed balance and provide clear guidance for digital assets.
Read also: U.S. 2024 Election: SEC Chair Gensler’s Future on the Line
Hester Peirce: A Pro-Crypto Candidate for SEC Chair?
While Garlinghouse has specific preferences, reports suggest Hester Peirce, nicknamed “Crypto Mom,” is among the top contenders to replace Gensler.
Peirce has consistently criticized the SEC’s reliance on enforcement actions and has called for transparent, rule-based guidelines. Her previous dissenting opinions alongside Commissioner Mark Uyeda demonstrate her advocacy for the crypto industry. With experience spanning finance and regulation since her appointment in 2016, Peirce’s pro-crypto stance could lead to a significant shift in the SEC’s approach.
Other Potential Successors: Giancarlo, Brummer, and Cuban
Chris Giancarlo, known as “Crypto Dad” for his blockchain advocacy, is another strong contender for SEC Chair. His efforts in supporting Bitcoin futures and the digital dollar have earned him credibility within the crypto community.
Entrepreneur Mark Cuban has also expressed interest, aligning with the sector’s call for innovation-friendly policies. Cuban advocates for clearer regulations to foster growth in the digital asset space, echoing the sentiments of many industry stakeholders.
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