Crypto Industry Lobbies Presidential Candidates, Floats 4 Potential Candidates To Replace SEC Chair Gensler
Portfolio Pulse from Khyathi Dalal
The cryptocurrency industry is intensifying its political efforts ahead of the 2024 election, targeting both major presidential candidates. Crypto advocates are frustrated with SEC Chair Gary Gensler's regulatory approach and are seeking to influence policy. High-profile crypto executives, including those from Ripple and Coinbase, attended a fundraiser hosted by Donald Trump, who promised to support innovation if re-elected. Potential SEC chair nominees for a future Trump administration include J. Christopher Giancarlo, Heath Tarbert, Dan Gallagher, and Paul Atkins. The Biden administration faces pressure to address its perceived anti-crypto stance.

July 02, 2024 | 5:03 pm
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Coinbase's Chief Legal Officer, Paul Grewal, attended a Trump fundraiser where Trump promised to support crypto innovation if re-elected. This could signal a more favorable regulatory environment for Coinbase under a potential Trump administration.
Paul Grewal's attendance at the Trump fundraiser and Trump's promise to support crypto innovation suggest a potentially more favorable regulatory environment for Coinbase if Trump is re-elected.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Robinhood's Chief Legal Officer, Dan Gallagher, is being considered as a potential SEC chair nominee under a future Trump administration. This could lead to a more crypto-friendly regulatory approach, benefiting Robinhood.
Dan Gallagher's consideration as a potential SEC chair nominee under Trump suggests a more crypto-friendly regulatory approach, which could benefit Robinhood.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ripple's Stuart Alderoty attended a Trump fundraiser where Trump promised to support crypto innovation if re-elected. This could signal a more favorable regulatory environment for Ripple under a potential Trump administration.
Stuart Alderoty's attendance at the Trump fundraiser and Trump's promise to support crypto innovation suggest a potentially more favorable regulatory environment for Ripple if Trump is re-elected.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60