Trump is considering billionaire investor Scott Bessent as the leading candidate for this position. Bessent is a strong supporter of cryptocurrency, especially Bitcoin.
“I think Bitcoin has ‘everything on the line.’ One of the most exciting things about it is that it attracts young people and those who haven’t previously participated in the markets. Developing a market culture in the U.S., where people believe in a system that works for them, is the foundation of capitalism,” quoted Bessent by FOX correspondent Eleanor Terrett.
Daniel Gallagher, the Chief Legal Officer of Robinhood and a former SEC staff member from 2011-2015, is the frontrunner for the position of SEC Chair. Other candidates include current SEC officials Hester “Crypto Mom” Peirce and Mark Uyeda.
