Hedera

Chair

Brian

<p>Prediction platform Kalshi has named Brian Brooks a leading contender for SEC Chair amidst increasing scrutiny of the agency. Brooks, who previously served as CEO of Binance.US and Chief Legal Officer at Coinbase, has been <a href="https://x.com/EleanorTerrett/status/1858534085867589928#m" rel="nofollow" target="_blank">nominated twice by Trump</a> for financial regulatory positions.</p> 
<p><a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=Crypto%E2%80%99s+New+Savior%3F+Brian+Brooks+Emerges+as+SEC+Chair+Contender%2C+Fueling+HBAR%E2%80%99s+53%25+Surge" rel="nofollow noopener" target="_blank"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-67567 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Crypto’s New Savior? Brian Brooks Emerges As SEC Chair Contender, Fueling HBAR’s 53% Surge!" width="728" height="90" title="Crypto’s New Savior? Brian Brooks Emerges as SEC Chair Contender, Fueling HBAR’s 53% Surge 60"></a></p> 
<h2 id="strong-where-does-brian-brooks-stand-in-kalshi-s-sec-chair-markets-strong"><strong>Where Does Brian Brooks Stand in Kalshi’s SEC Chair Markets?</strong></h2> 
<p><a href="https://kalshi.com/markets/kxsecchair/next-sec-chair" rel="nofollow noopener" target="_blank">Kalshi</a> reports that Brooks has risen to second place in betting markets for the next SEC leadership. Currently, he trails Dan Gallagher, Robinhood’s Chief Legal Officer, who leads with 61% of votes. He holds a solid 12%, ahead of other contenders like former SEC Commissioner Paul Atkins at 9%. This rise in his’ ranking reflects growing optimism within the crypto community about his potential leadership.</p> 
<h2 id="strong-why-is-brooks-a-strong-candidate-for-sec-chair-strong"><strong>Why is Brooks a Strong Candidate for SEC Chair?</strong></h2> 
<p>Brooks has significant experience in both traditional finance and cryptocurrency. <a href="https://www.wsj.com/articles/brian-brooks-quits-as-ceo-of-crypto-exchange-binance-us-11628289690" rel="nofollow noopener" target="_blank">He led Binance.US</a>, was Coinbase’s Chief Legal Officer, and helped drive the adoption of crypto. Additionally, as an Acting Comptroller of the Currency, he worked on policies that allowed banks to use stablecoins for payments.</p> 
<p>Currently, he is on the board of the Hedera Foundation, staying active in the blockchain space. Brooks also supports XRP and other digital assets, pushing for rules that promote innovation.</p> 
<h2 id="strong-hedera-hbar-skyrockets-53-following-brook-s-nomination-strong"><strong>Hedera (HBAR) Skyrockets 53% Following Brook’s Nomination</strong></h2> 
<p>The hashtag #BrianBrooksforSEC has been gaining momentum on X, showing their support for his candidacy. His nomination has had a notable impact, with Hedera (HBAR) increasing by 53%, reflecting interest in his potential leadership. In the past 24 hours, HBAR’s price surged to $0.1362, its market cap reached $5.3 billion, and trading volume spiked 244%, signalling growing investor interest.</p> 
<figure id="attachment_70018" aria-describedby="caption-attachment-70018" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" loading="lazy" decoding="async" class="wp-image-70018 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/DALL·E-2024-11-19-13.50.40-A-vibrant-digital-art-composition-showing-Hedera-HBAR-cryptocurrencys-logo-prominently-in-a-futuristic-financial-skyline.-The-scene-includes-a-grap.webp" alt="Hedera (HBAR) Skyrockets 53% Following SEC Chair prediction" width="1792" height="1024" title="Crypto’s New Savior? Brian Brooks Emerges as SEC Chair Contender, Fueling HBAR’s 53% Surge 61">
 <figcaption id="caption-attachment-70018" class="wp-caption-text">
  Hedera (HBAR) Skyrockets 53% Following SEC Chair Prediction
 </figcaption>
</figure> 
<p>&nbsp;</p> 
<p>Technical analysts, like Captain Faibik, are predicting a positive outlook for HBAR, with potential long-term targets as high as $1. The token’s recent breakout from a symmetrical triangle pattern on the weekly charts suggests strong buying momentum, which could be further fueled by Brooks’ possible leadership at the SEC.</p> 
<h2 id="strong-how-the-next-sec-chair-can-shape-crypto-regulation-strong"><strong>How the Next SEC Chair Can Shape Crypto Regulation?&nbsp;</strong></h2> 
<p>Amid growing speculation, Brooks shared key initiatives he believes the next chair should pursue to foster innovation in crypto. His proposals include allowing national banks to custody crypto assets and creating secure infrastructure trusted by institutional investors. Moreover, he advocates for clear stablecoin reserve guidelines to strengthen the U.S. dollar as the global reserve currency.</p> 
<figure id="attachment_70026" aria-describedby="caption-attachment-70026" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" loading="lazy" decoding="async" class="wp-image-70026 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/DALL·E-2024-11-19-14.20.23-A-professional-landscape-illustration-showing-a-visionary-scene-of-a-government-official-symbolizing-the-SEC-Chair-standing-at-the-intersection-of-tec.webp" alt="How the Next SEC Chair Can Shape Crypto Regulation?" width="1792" height="1024" title="Crypto’s New Savior? Brian Brooks Emerges as SEC Chair Contender, Fueling HBAR’s 53% Surge 62">
 <figcaption id="caption-attachment-70026" class="wp-caption-text">
  How the Next SEC Chair Can Shape Crypto Regulation?
 </figcaption>
</figure> 
<p>&nbsp;</p> 
<p>Additionally, Brooks supports encouraging financial institutions to become validator nodes on blockchain networks, integrating this technology with traditional financial systems like SWIFT. Reflecting on his time at the OCC, he highlighted policies such as Anchorage Digital Bank’s conditional approval as models for future crypto-friendly regulations.<em> “The groundwork laid during the previous administration has set the stage for progress,”</em> he said in a <a href="https://x.com/BrianBrooksUS/status/1857965275356013036" rel="nofollow" target="_blank">recent X post</a>, noting that the next SEC Chair won’t start from scratch in implementing these initiatives.</p> 
<h2 id="strong-conclusion-strong"><strong>Conclusion:</strong></h2> 
<p>As the SEC faces legal challenges from 18 states over its actions in the crypto sector, the industry is closely watching for changes in regulatory leadership. Brooks’ pro-crypto stance and strong regulatory experience make him a strong contender for SEC Chair. While his appointment is not certain, his growing prominence and clear vision suggest he could have a significant impact on the future of crypto regulation in the U.S.</p> 
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Crypto’s New Savior? Brian Brooks Emerges as SEC Chair Contender, Fueling HBAR’s 53% Surge

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