2024

Joe Biden

<ul>
 <li>If Kamala Harris wins in the 2024 election, Gary Gensler is anticipated to be her pick for Treasury Secretary.</li>  
 <li>He oversaw a number of intriguing judicial actions that raised political issues while serving as SEC Chair.</li>  
 <li>There is rising talk that Gensler may depart from the SEC before the year's upcoming presidential race.</li> 
</ul>  
<p>If Kamala wins the 2024 election, there is possibility that she might appoint SEC's Gensler as Treasury Secretary. There is a lot of debate about this idea in the legislative and business communities.</p>  
<h2 class="wp-block-heading" id="h-gensler-s-political-apprehensions-and-sec-record">Gensler's Political Apprehensions and SEC Record</h2>  
<p>Gensler’s time at the SEC has been marked by strong oversight actions in the monetary sector, which have drawn criticism from Republicans. Rep. Tom Emmer (R., Minn.) has spoken out against him, pointing to his frequent judicial battles and noting that many have not been successful. Emmer stated that <a href="https://cryptonewsland.com/sec-chair-gary-gensler-expected-to-resign/" target="_blank" rel="noopener noreferrer nofollow">Gensler </a>"has been bringing lawsuits all over the place — and losing all over the place." This criticism suggests that Gensler’s nomination might face serious resistance.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/WuBlockchain/status/1825699955987878370
 </div>
</figure>  
<p>Even with expected Republican opposition, Gensler might still receive support from Democrats. Key figures like Reps. Elissa Slotkin (D., Mich.) and Ruben Gallego (D., Ariz.) could be crucial in his confirmation. Both have voted against cryptocurrency in the past, despite receiving backing from the pro-cryptocurrency group Fairshake PAC. Their positions on Gensler’s potential nomination are not yet clear.</p>  
<h2 class="wp-block-heading" id="h-speculation-on-gensler-s-future-at-the-sec">Speculation on Gensler’s Future at the SEC</h2>  
<p>There is also thought that Gensler may leave his role as SEC Chairman before the election. This would allow President Joe Biden to appoint a new chairperson and possibly ensure a Democratic majority on the SEC Commission in 2025. Katie Biber, Chief Legal Officer of Paradigm, a crypto-focused investment firm, suggested that Gensler could move to a commissioner role, allowing Biden to appoint a successor like Caroline Crenshaw, who has been critical of cryptocurrencies.</p>  
<p>This move could help maintain Democratic control of the SEC even if a Republican administration takes over after the election. However, a source familiar with <a href="https://cryptonewsland.com/tron-trx-sees-price-surge-and-potential-bullish-breakout-despite-minor-setback/" target="_blank" rel="noopener noreferrer nofollow">SEC </a>matters mentioned that Gensler might only step down if Harris promises him the Treasury Secretary position if she wins. This adds another layer of uncertainty to Gensler’s future.</p>  
<h2 class="wp-block-heading" id="h-implications-for-financial-regulation-and-digital-assets">Implications for Financial Regulation and Digital Assets</h2>  
<p>Gensler’s possible move to Treasury Secretary and the rumours about his SEC role could have major impacts on financial regulation. The upcoming Benzinga Future of Digital Assets event on Nov. 19 will likely be a key moment to discuss these changes.</p>  
<p>The Treasury Secretary’s role is vital in shaping U.S. budget strategies and managing the nation’s money system. The securities sector is closely watching these moves, considering the potential effects on privacy and the economy.</p> 
<p>The post <a href="https://cryptonewsland.com/if-harris-wins-the-2024-election-gensler-might-take-over-as-treasury-secretary/" rel="noopener noreferrer nofollow">If Harris wins the 2024 election, Gensler might take over as Treasury Secretary.</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

If Harris wins the 2024 election, Gensler might take over as Treasury Secretary.

Table of Contents

Crypto News Land

Other articles published on Aug 20, 2024

Binance Prevents $2.4 Billion in Losses from Scams and Fraud in 2024

Unknown Crypto Whale Accumulating WBTC Amid Controversy

Dogecoin and Shiba Inu Resume Uptrend; Investors Bet on IntelMarkets For Life-Changing Gain

BTC Nears Crucial Level: Analysts Predict Potential Move

Discover How Galaxy Digital Invested $23.4M in Bitcoin: Full Story Inside

New Solana Memecoin Trump’s Pussy Will Surge 18,000% Before Exchange Listings, While Shiba Inu an...

Join our free newsletter for daily crypto updates!