Coinbase CEO Brian Armstrong has voiced his help for Securities and Trade Commissioner (SEC) Hester Peirce‘s appointment to steer the company throughout President Donald Trump‘s second time period.
Armstrong’s feedback, shared on Nov. 8 by a submit on X, described Peirce as “good, truthful, skilled,” and able to bridging each side of the political spectrum. He emphasised that she could be the only option for the place.
Peirce, broadly revered within the crypto sector, has earned the nickname “crypto mother” because of her business help and outspoken opposition to regulatory actions that she believes unfairly goal digital property.
Her management may mark a big shift for the crypto business, which has usually seen present SEC Chair Gary Gensler as an adversary. Though Gensler’s time period is ready to run by 2026, historical past reveals {that a} new administration can carry recent management to the SEC.
Trump’s latest ballot victory and dedication to switch anti-crypto regulators have fueled discussions round Peirce as a preferred selection amongst crypto advocates. Investor Ryan Sean Adams echoed this sentiment, noting her sturdy {qualifications} and dedication to the business.
Regardless of the momentum, reviews counsel Peirce is probably not within the function, preferring to keep away from politics. Sources near Peirce have talked about her plans to go away the SEC and pursue beekeeping, though there’s hypothesis {that a} direct provide from the President may change her stance.
Different doubtless candidates
Apart from Peirce, crypto advocates have additionally prompt different notable supporters for the sector, together with SEC Commissioner Mark Uyeda, Robinhood’s Chief Authorized Officer Dan Gallagher, former Commodity Futures Buying and selling Fee (CFTC) Chairman Chris Giancarlo, former Appearing Comptroller of the Forex (OCC) Brian Brooks, and former SEC Commissioner Paul Atkins.
Ripple CEO Brad Garlinghouse identified that Giancarlo, Brooks, or Gallagher could be “large upgrades [to Gensler] in rebuilding the rule of regulation (and repute) on the SEC.” He added that Gensler needs to be fired on the primary day of Trump’s second tenure.
In the meantime, different group advocates famous that every candidate brings a novel perspective that might higher affect the longer term and development of crypto regulation in the US.