Amid the continuing race to interchange Gary Gensler because the Chairman of the US Securities and Change Fee (SEC), Chris Giancarlo has dispelled rumors that he’s into consideration for the job. Often known as “Crypto Dad,” Chris Giancarlo’s title popped up as one of many high-profile regulators able to changing the US SEC chair.
US SEC Chair and the Chris Giancarlo Clarification
Apart from the overall change in management that comes with a brand new administration, Donald Trump plans to fireplace Gary Gensler proper from his first day in workplace. With Trump’s victory over Kamala Harris, it turns into evident that Gensler is in his final days in workplace.
Commenting on the development and his prospect for the function, Chris Giancarlo mentioned he as soon as cleaned up Gensler’s mess on the Commodity Futures Buying and selling Fee (CFTC) and has no plans to do it once more. It’s value noting that earlier than taking over the US SEC Chair place, Gensler served because the CFTC Chairman from Could 26, 2009, to January 3, 2014.
Chris Giancarlo took over from him as CFTC Commissioner on June 16, 2014, for a time period expiring on April 13, 2019. He bagged President Donald Trump’s nomination for a full-time function on August 3, 2017. Having served in the identical capability as Gensler, the Crypto Dad mentioned the DC rumors are flawed.
As for reviews that I’m in combine to run @SECGov, I’ve made clear that I’ve already cleaned up earlier Gary Gensler mess @CFTC and don’t wish to have do it once more. DC rumors that I’m inquisitive about some #crypto function @USTreasury are additionally flawed.
— Chris Giancarlo (@giancarloMKTS) November 14, 2024
Past the US SEC tag, Giancarlo has additionally debunked claims that he’s in line for the US Treasury Secretary function.
Who Will Exchange Gary Gensler?
Many named Chris Giancarlo an excellent match for the SEC chairman function due to his advocacy work within the business. As reported earlier by Coingape, even pro-XRP lawyer turned-politician John Deaton as soon as endorsed Giancarlo for the Chairmanship function.
As Chris Giancarlo dispelled the rumors, John Deaton famous that the callout exhibits the injury Gensler did to each the SEC and CFTC.
With Crypto Dad ruling himself out, the highest picks now embrace present SEC Commissioners Mark Uyeda, Hester Peirce, and Robinhood CLO Dan Gallagher, who’re the leading candidates for the function. Whereas President Trump could select a totally new title, what the business locations a premium on is somebody with a pro-crypto mindset.
Godfrey Benjamin
Benjamin Godfrey is a blockchain fanatic and journalists who relish writing about the true life purposes of blockchain expertise and improvements to drive basic acceptance and worldwide integration of the rising expertise. His needs to teach individuals about cryptocurrencies evokes his contributions to famend blockchain based mostly media and websites. Benjamin Godfrey is a lover of sports activities and agriculture.
Disclaimer: The introduced content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.
✓ Share: