Sources familiar with the matter: Harris team is considering two candidates to replace SEC Chairman Gary Gensler
According to two sources familiar with the matter, Kamala Harris' transition team is reviewing candidates to replace Gary Gensler as chairman of the Securities and Exchange Commission (SEC). Two possible replacements are Chris Brummer, a professor at Georgetown University Law Center, and Erica Williams, chair of the Public Company Accounting Oversight Board (PCAOB), who are said to have a more optimistic attitude towards cryptocurrencies such as Bitcoin than Gensler.
Harris has not publicly or privately committed to replacing Gensler, and it is unclear how seriously she is considering Brummer, Williams, or other potential candidates. Currently, due to Harris' short candidacy period and other pending policy issues, her team is more focused on the election. One source said, "It's not clear who the front-runner is right now. Harris' campaign team is worried that if they show too much enthusiasm for cryptocurrency before the election, they will lose the votes of progressive voters who see cryptocurrency as a 'scam,' and they won't gain any actual new voters."
A spokesperson for Harris' transition team said, "The transition team will not make any personnel selections before the election. Instead, we are focused on building the necessary infrastructure to prepare for the inauguration."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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