Former SEC Official Predicts Hester Peirce Could Replace Gensler as SEC Chair

08/14 11:30

Former SEC official John Reed Stark predicts that if a Republican candidate becomes US President after the 2024 elections, the regulatory situation on crypto enforcement could undergo significant change. He suggests that crypto-friendly Commissioner Hester Peirce could take over as the agency's chairman instead of Gary Gensler. Peirce has been a vocal critic of the SEC's tough stand on crypto and is popularly known as the 'crypto mom' within the crypto community. Stark also highlights the growing divide in crypto regulation within the SEC and broader US politics.
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