Donald Trump

President Donald Trump

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/trump-selects-potential-sec-and-treasury-candidates-impacting-crypto-markets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Trump Selects Potential SEC and Treasury Candidates Impacting Crypto Markets</a><br></p>
<p style="text-align: justify">Newly elected U.S. President Donald Trump is preparing to announce his candidates for the Securities and Exchange Commission (<a href="https://en.coin-turk.com/nigeria-issues-licenses-to-strengthen-cryptocurrency-market-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a>) and the Treasury Department. Reports suggest that Trump is considering replacing current SEC Chairman Gary Gensler. The <a href="https://en.coin-turk.com/razer-suffers-major-data-breach-sensitive-data-up-for-sale-on-hacker-forums/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> sector is closely monitoring the potential impacts of Trump’s appointments on the industry.</p>
<h2 style="text-align: justify" id="strong-teresa-goody-guillen-emerges-as-candidate-for-sec-chair-strong"><strong>Teresa Goody Guillen Emerges as Candidate for SEC Chair</strong></h2>
<p style="text-align: justify">Trump is evaluating pro-crypto attorney Teresa Goody Guillen for the SEC Chair position. Guillen, who has previously worked at the SEC, has strong connections on Wall Street and is known for her support of blockchain firms. These attributes make her an ideal candidate in the eyes of crypto companies.</p>
<p style="text-align: justify">The potential appointment of Guillen to the SEC chair could signify a significant shift in crypto regulation. There are expectations that clearer and more investor-friendly regulations may emerge under Guillen’s leadership. Appointing a pro-crypto leader is deemed crucial for the sector’s growth.</p>
<h2 style="text-align: justify" id="strong-two-strong-contenders-for-treasury-warsh-and-rowan-strong"><strong>Two Strong Contenders for Treasury: Warsh and Rowan</strong></h2>
<p style="text-align: justify">Former Federal Reserve official Kevin Warsh and billionaire businessman Marc Rowan are prominent candidates for the Treasury Department. According to Gasparino, Trump is set to meet with candidates on Wednesday. Warsh is noted for his experience in financial markets and influence on economic policies, while Rowan is recognized for his successes in the business world and robust profile in the investment sector.</p>
<p style="text-align: justify">The crypto sector is expected to be directly influenced by these appointments. Notable figures like John Deaton have commented that “Warsh is in a leading position for the Treasury.” However, Deaton also indicated that names like Warsh and Bob Stebbins could pose a threat to the crypto space.</p>
<h2 style="text-align: justify" id="strong-potential-effects-on-the-cryptocurrency-sector-strong"><strong>Potential Effects on the Cryptocurrency Sector</strong></h2>
<p style="text-align: justify">The candidates selected for the SEC and Treasury are anticipated to reduce uncertainty in the crypto markets. These developments could create a positive atmosphere for Bitcoin and other altcoins. Bitcoin reaching $94,002 during the day highlights the market’s volatility.</p>
<p style="text-align: justify">Should Trump select crypto-friendly candidates, Bitcoin prices may reach new heights. Experts indicate that these appointments could bolster trust for both investors and companies. New leadership at the SEC and Treasury could represent a pivotal moment for the crypto sector.</p>
<p>The post <a href="https://en.coin-turk.com/trump-selects-potential-sec-and-treasury-candidates-impacting-crypto-markets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Trump Selects Potential SEC and Treasury Candidates Impacting Crypto Markets</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Trump Selects Potential SEC and Treasury Candidates Impacting Crypto Markets

Table of Contents

COINTURK NEWS

Other articles published on Nov 20, 2024

Michael Saylor’s MicroStrategy Expands its Bitcoin Reserves to 331,000 With Latest Acquisition

Upbit Adds JasmyCoin, PolySwarm, and Bonk to BTC, USDT, and KRW Markets

BitMEX Marks 10 Years as the Longest-Standing Crypto Exchange with 0 Coins Lost

Former FTX Executive May Not Go to Jail for Positive Collaboration

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Fueling KYVE’s Expansion Era: A New Age of Interoperable Data Opportunities For All (20 Nov)

Join our free newsletter for daily crypto updates!