Is Hester Peirce The Next SEC Boss? Potential Gensler Successor Urges Crypto Cooperation With CFTC: 'We Both Serve The American People'
Portfolio Pulse from Ivan Crnogatić
Hester Peirce, a commissioner at the SEC, is considered a potential successor to Gary Gensler if Donald Trump wins the 2024 presidential election. Peirce advocates for cooperation between the SEC and CFTC and consistent treatment of crypto ETFs. A Trump administration could adopt a less stringent regulatory approach towards cryptocurrencies, potentially benefiting firms like Coinbase Global Inc. (NASDAQ:COIN).
July 16, 2024 | 5:58 pm
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Coinbase Global Inc. (NASDAQ:COIN) could benefit from a potential leadership change at the SEC if Donald Trump wins the 2024 presidential election. Hester Peirce, known for her pro-crypto stance, is a likely candidate to replace Gary Gensler, which might lead to a less stringent regulatory environment for cryptocurrencies.
Hester Peirce's potential appointment as SEC chair under a Trump administration could lead to a more favorable regulatory environment for cryptocurrencies. This would likely benefit Coinbase, which has faced regulatory challenges under the current administration.
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