WSJ: SEC may ease legal battle over crypto exchanges once Trump returns to White House
A WSJ article hinted that the SEC may ease its legal battle against cryptocurrency exchanges once Trump returns to the White House. Although Trump has not yet revealed who will be the next SEC chairperson, rumors suggest that multiple contenders are vying for the position following Gary Gensler's resignation.
The next SEC chairperson is likely to come from a group of seasoned regulators and legal titans, each bringing unique expertise to the table. Paul Atkins, who served as SEC commissioner from 2002 to 2008 and currently leads financial advisory work at Patomak Global Partners, is seen as a favorite. Additionally, since 2022, Mark Uyeda has been in the spotlight for his pro-cryptocurrency stance, which is in line with Trump's regulatory views.
Brian Brooks, the former acting commissioner of the Comptroller of the Currency, and Robert Stebbins, the former SEC general counsel, have also emerged as contenders, joined by legal heavyweights Richard Farley and Norm Champ.