A Congressman Wants a New Leader for the SEC
A US Congressman is calling for a new leader at the Securities and Exchange Commission (SEC) in 2025. He believes the current leader, Gary Gensler, hasn’t been doing a good job of regulating cryptocurrencies.
New Leadership Needed
The Congressman, who has been a strong supporter of cryptocurrencies, believes that the SEC needs a leader who is more open to innovation in the digital asset space. He’s also optimistic that a new law called the FIT 21 Bill, which aims to create a clear set of rules for cryptocurrencies in the US, will be passed soon.
Support for FIT 21 Bill
The Congressman thinks the FIT 21 Bill has a good chance of passing because it has support from both Democrats and Republicans. He also pointed out that former President Trump, who is running for president again, is a big supporter of cryptocurrencies and has even spoken at a Bitcoin conference.
A New Approach to Crypto Regulation
The Congressman believes that the SEC needs a new leader who is more supportive of cryptocurrencies. He specifically mentioned Hester Peirce, who is known as “Crypto Mom” in the industry, as a good candidate for the job.
The Future of Crypto Regulation
The Congressman thinks that the next few years will be a big turning point for crypto regulation. He’s hopeful that the new Congress will be more open to innovation and that the SEC will finally get a leader who understands the importance of cryptocurrencies.
