Investing.com – Former President Donald Trump, who continues to tout himself as the pro-crypto candidate, has targeted US Securities and Exchange Commission Chair Gary Gensler, labeling him as the industry’s biggest villain.
However, US investment bank TD Cowen speculates that Gensler could remain as a commissioner, potentially delaying expected regulatory relief for the crypto sector until late 2026.
Trump vowed to fire whom he called the American blockchain industry’s No. 1 enemy in front of an enthusiastic crowd at this year’s biggest conference. But there is no precedent for a president directly removing an SEC chair.
Typically, SEC chairs step down when there is a change in the White House, allowing the new administration to appoint a new leader.
“The Senate confirms SEC commissioners to five-year terms, which are staggered so that one term expires each June,” TD Cowen noted. “No more than three…
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