President-elect Donald Trump is considering appointing an openly pro-cryptocurrency candidate as head of the Securities Exchange Commission—a so-called “crypto tsar.”
According to reporting from Wired magazine, as Trump prepares to choose the new SEC chair, he has asked the crypto industry to provide advice and recommendations.
“Trump’s shortlist is filled with former government officials, crypto executives, and lawyers who support the crypto industry: Paul Atkins, former SEC commissioner, and Brian Brooks, former acting US comptroller of the currency, are the top two contenders, sources familiar tell WIRED, but the vetting process is ongoing.”
During the election campaign, Trump came out firmly in support of cryptocurrency. He spoke at the Nashville Bitcoin Conference in July and said he would fire current SEC head honcho Gary Gensler, who is hostile to cryptocurrency, “on day one.” Trump said the head of the SEC should “[believe] America should build the future, not block the future.”
Trump promised to make the US the “crypto capital of the planet” and build a national stockpile of Bitcoin. […]
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