30s Summary
Donald Trump’s team is mulling over appointing Teresa Goody Guillén, expert in blockchain and partner at law firm BakerHostetler, as chair of the Securities and Exchange Commission (SEC). The team seeks to appoint a pro-crypto, non-bureaucratic leader capable of revamping the SEC. Guillén’s comprehensive grasp of the SEC’s operations, securities laws, and digital assets reportedly make her an apt choice. Various sources consider Guillén’s tough stance, someone who could introduce changes and understand market laws, as beneficial for both traditional and crypto markets. Trump intends to finalize the appointment by Thanksgiving.
Full Article
Donald Trump’s transition team is considering naming Teresa Goody Guillén, a partner at the law firm BakerHostetler, as the next chair of the Securities and Exchange Commission (SEC). Given her vast experience working with the SEC and representing blockchain companies, she’s a strong candidate for the position.
Goody Guillén has a significant amount of experience, both serving the SEC and also challenging the agency on behalf of blockchain and traditional businesses. Trump is eager to find a pro-crypto, non-bureaucratic individual who can drastically revamp the SEC, according to insider sources.
Goody Guillén’s understanding of the SEC’s workings and securities laws make her an ideal candidate, according to Brendan Playford, co-founder of Masa, a data provider for AI companies. Playford believes that Goody Guillén would spearhead immediate changes to the SEC.
The Trump transition team hopes to streamline the SEC and introduce someone who’s familiar with the digital assets industry. This person would ideally apply a hands-off approach to securities laws regarding digital assets until Congress enacts clearer legislation, according to insiders.
Goody Guillén is a tough candidate who would govern with a deep understanding of how securities laws apply to traditional and crypto markets, according to Charley Cooper, senior advisor at R3. Expected to roll back the previous administration’s regulation-through-enforcement approach, she aligns with Trump’s ideals for the sector.
With a swift and organized selection process, Trump’s team hopes to have the SEC chair chosen by Thanksgiving.
Various picks for other offices have already been announced, including Cantor Fitzgerald CEO Howard Lutnick for commerce secretary and U.S. Rep. Matt Gaetz (R-Fla.) for attorney general, despite his controversial sex trafficking allegations.