WSJ: Once Trump returns to the White House, the SEC may relax its legal battle against encryptionexchange

2024-12-02 03:35:59

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An article by WSJ suggests that the US SEC may ease its legal battle against cryptocurrency exchanges once Trump returns to the White House. Although Trump has not revealed the next SEC chairman, there are rumors that several competitors are vying for the position after Gary Gensler resigned. The next SEC chairman could come from a group of experienced regulators and legal giants, each bringing unique expertise. Paul Atkins served as an SEC commissioner from 2002 to 2008 and currently leads financial consulting at Patomak Global Partners, making him a top candidate. In addition, since 2022, Mark Uyeda has gained significant following for his support of Crypto Assets, aligning with Trump’s regulatory stance.

Former Acting Comptroller of the Currency Brian Brooks and former SEC Chief Legal Advisor Robert Stebbins have also become strong competitors. Prominent figures in the legal field Richard Farley and Norm Champ have also joined the competition.

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