The latest rumored candidate under Donald Trump's upcoming administration to potentially replace SEC chair Gary Gensler has sparked a mixed reaction from the crypto community.
Reports of a Wall Street lawyer as a potential SEC chair candidate in Trump’s administration have divided the crypto community, with some raising concerns that his traditional finance background may lead to an anti-crypto stance.
However, others are more optimistic, speculating that his experience may lead to “thoughtful frameworks” for crypto regulation.
Levin Naftalis and Frankel law firm partner Richard Farley is reportedly being considered by Trump’s transition team as a potential replacement for SEC chair and crypto skeptic Gary Gensler, according to a Nov. 7 report by the New York Post.
