Follow Us @
SEC leadership is under pressure and could change in 2025, says deputy
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.
United States Congressman French Hill, from the Republican Party, declared in an interview with the Thinking Crypto podcast that he expects a renewal in the leadership of the United States Securities and Exchange Commission (SEC) in 2025, regardless of who assumes the presidency of the country.
Hill, along with other members of his party, has been criticizing Gary Gensler’s performance at the head of the SEC, especially due to the lack of clarity in the regulation of digital assets.
Gensler’s stance towards the cryptoactive sector and blockchain technology has been the target of criticism, in a context of increasing adoption of cryptocurrencies in the USA. The country ranks fourth in the 2024 Global Cryptocurrency Adoption Index, according to Chainalysis, behind India, Nigeria and Indonesia.
The congressman argues that Gensler, by adopting what he calls “alarmism”, would be using the SEC’s powers unconstitutionally. Hill further suggested that the SEC should adopt an approach that encourages innovation and offers regulatory exemptions for new industries such as cryptocurrencies. Recently, Brad Garlinghouse, CEO of Ripple Labs, also predicted that Gensler will step down regardless of the election result.
SEC must have a change of command
At a hearing in late September, Gensler appeared before the Senate to discuss his work leading the SEC. During a session that lasted around four hours, he faced a series of criticisms for his stance on cryptocurrency regulation and stated that he was not aware of the term “Operation Choke Point 2.0”, an alleged theory that accuses the government of acting against the crypto industry in the US.
The session saw strong statements from members of the House Financial Services Committee, mainly Republicans, who harshly questioned Gensler’s handling of issues related to cryptoassets. Representative Tom Emmer even called Gensler “one of the most destructive presidents” in the history of the SEC.
With the presidential election approaching, Gensler’s future remains uncertain. Hill commented that it is common for new presidents to request resignations from strategic posts when they take over the government. If current Vice President Kamala Harris is elected, Gensler will be able to continue in office with support from Democrats. However, there are calls from donors for her to appoint new leadership to improve dialogue with the crypto industry.
On the other hand, Republican candidate Donald Trump stated that, if elected, he would replace Gensler immediately. If he does not leave sooner, Gensler’s current term will end in 2026.
SEC leadership is under pressure and could change in 2025, says deputy
Follow TODAYSGIST on Google News and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!
SEC leadership is under pressure and could change in 2025, says deputy
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
SEC leadership is under pressure and could change in 2025, says deputy
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
SEC leadership is under pressure and could change in 2025, says deputy