Chair

Joe Biden

Gary

<h4><strong>There are rumors that Gary Gensler, the current head of the U.S. Securities and Exchange Commission (SEC), might be picked as Treasury Secretary if Vice President Kamala Harris wins the upcoming presidential election. The news was first reported by the Washington Reporter, which cited several unnamed senior Senate staffers.</strong></h4> 
<p>President Joe Biden appointed Gensler as SEC chair back in 2021. However, Gensler quickly gained popularity for his <a href="https://www.altcoinbuzz.io/regulations/crypto-public-enemy-1-gary-gensler-is-clueless-about-crypto/" target="_blank" rel="noopener">critical view of crypto and his tough stance.</a> The SEC, under Gensler, has had legal issues with top crypto companies such as Coinbase, Ripple, Binance, and Kraken.</p> 
<h5><strong>Gary Gensler Considered for Treasury Secretary Under Kamala Harris</strong></h5> 
<p><a href="https://www.altcoinbuzz.io/?s=Gary+Gensler" target="_blank" rel="noopener">Gary Gensler</a> has served under the previous Democratic governments. He served as chair of the U.S. Commodity Futures Trading Commission during the Obama administration. Gensler was also an advisor during the drafting of the Sarbanes-Oxley Act.</p> 
<p>His current term at the SEC is supposed to last until 2026. But it is safe to say that depends on the outcome of the election, especially if former President Donald Trump, a recent supporter of crypto, returns to power.</p> 
<figure id="attachment_148758" aria-describedby="caption-attachment-148758" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-148758" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Gary-Gensler.jpg" alt="" width="587" height="477" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Gary-Gensler.jpg 854w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Gary-Gensler-300x244.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Gary-Gensler-768x624.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Gary-Gensler-517x420.jpg 517w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Gary-Gensler-696x566.jpg 696w" sizes="(max-width: 587px) 100vw, 587px">
 <figcaption id="caption-attachment-148758" class="wp-caption-text">
  Source: <a href="https://x.com/bitcoinmagazine/status/1825615435884003797?s=12" target="_blank" rel="noopener">X</a>
 </figcaption>
</figure> 
<p>While there are several doubts about the speculation, Gensler certainly has the qualifications to serve as the new Treasury chair. Gensler worked at Goldman Sachs, picking up important credibility on Wall Street. He also served as a professor at MIT. However, it is important to note that there are no credible confirmations about Gensler’s possible appointment as the new Treasury chair. We can safely say this is still a rumor.</p> 
<h5><strong>How Would this Affect Crypto?</strong></h5> 
<p>If Gensler were to take the Treasury job, the big question is: how does it affect crypto? We can expect tighter rules for the crypto industry. Gensler’s influence over the financial industry could result in even more scrutiny for the crypto industry.</p> 
<p><img decoding="async" class="wp-image-148854 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vxcfgghhgjjhg-300x178.png" alt="" width="603" height="358" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vxcfgghhgjjhg-300x178.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vxcfgghhgjjhg.png 397w" sizes="(max-width: 603px) 100vw, 603px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/ChartWestcott/status/1825720355065049112" target="_blank" rel="noopener">X</a></strong></h6> 
<p>In addition, Gensler’s appointment could send a signal that the government is serious about cracking down on the crypto sector. As earlier said, this remains a speculation as there are no official sources.</p> 
<p><iframe title="3 BIG Altcoin Opportunities You've Been Waiting For" width="696" height="392" src="https://www.youtube.com/embed/r8SwPNf-adQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/kamala-harris-could-appoint-gary-gensler-as-treasury-chair/">Kamala Harris Could Appoint Gary Gensler as Treasury Chair</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Kamala Harris Could Appoint Gary Gensler as Treasury Chair

Altcoin Buzz

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