30s Summary

Sheila Warren, CEO of the Crypto Council for Innovation (CCI), is stepping down in January but will continue as a senior global policy officer. Her successor will be Ji Kim, the group’s top lawyer. The CCI is working towards fair cryptocurrency regulations globally, with Warren confident in the group’s ability to achieve this. With anticipation that Donald Trump’s upcoming administration will enhance the global crypto scene, there is optimism that it will spur growth in decentralized finance. Additionally, pro-crypto Paul Atkins is set to replace Gary Gensler as head of the US agency regulating securities.

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Sheila Warren is stepping down as CEO of the Crypto Council for Innovation (CCI) just a month before Donald Trump takes over as the US president. She shared on a Dec. 13 post that she’ll be leaving her CEO role in January and has some mixed feelings about it.

Ji Kim, the top lawyer for the crypto group, will take over as CEO for now. Even though she’s been in charge for three years, Sheila’s not completely leaving. She’ll stick around and give advice as a senior global policy officer.

Sheila’s pretty confident that the group will nail a good deal with regulations for crypto. The CCI has been working hard to fight for fair rules all around the globe for cryptocurrencies. They keep an eye on any new rules proposed and regularly meet with government guys.

In July, Sheila had a chat with US Congress members, an advisor to President Joe Biden, and some big names in crypto, which she thought was a great way to start seeing crypto in a non-political light. She mentioned that when she first became CEO the crypto scene was very different, this was before the FTX brouhaha and when Gary Gensler was just beginning his crackdown on crypto.

Now, there’s a lot of buzz in the crypto world. Lots of people are feeling hopeful that with Trump’s administration, more people globally will get into crypto. A co-founder at RedStone, Marcin Kaźmierczak, even said that Trump’s administration could really kick forwards the growth of decentralized finance or DeFi. He thinks it’s going to attract fresh ideas and investments.

Meanwhile, Gary Gensler, the boss of the US agency regulating securities and known for being tough with crypto, is leaving his post in January 2025. On Dec. 4, Trump put forward Paul Atkins, a pro-crypto guy, to take Gensler’s place. Atkins was a SEC Commissioner from 2002-2008 and according to Trump, he really pushed for clarity and protecting investors.