Coinbase CEO Brian Armstrong has voiced his help for Securities and Trade Commissioner (SEC) Hester Peirce‘s appointment to guide the company throughout President Donald Trump‘s second time period.
Armstrong’s feedback, shared on Nov. 8 by a publish on X, described Peirce as “sensible, truthful, skilled,” and able to bridging each side of the political spectrum. He emphasised that she could be the only option for the place.
Peirce, extensively revered within the crypto sector, has earned the nickname “crypto mother” because of her trade help and outspoken opposition to regulatory actions that she believes unfairly goal digital belongings.
Her management may mark a major shift for the crypto trade, which has usually seen present SEC Chair Gary Gensler as an adversary. Though Gensler’s time period is about to run by 2026, historical past exhibits {that a} new administration can convey recent management to the SEC.
Trump’s current ballot victory and dedication to exchange anti-crypto regulators have fueled discussions round Peirce as a well-liked alternative amongst crypto advocates. Investor Ryan Sean Adams echoed this sentiment, noting her sturdy {qualifications} and dedication to the trade.
Regardless of the momentum, stories recommend Peirce is probably not within the function, preferring to keep away from politics. Sources near Peirce have talked about her plans to go away the SEC and pursue beekeeping, though there’s hypothesis {that a} direct provide from the President may change her stance.
Different doubtless candidates
Apart from Peirce, crypto advocates have additionally steered different notable supporters for the sector, together with SEC Commissioner Mark Uyeda, Robinhood’s Chief Authorized Officer Dan Gallagher, former Commodity Futures Buying and selling Fee (CFTC) Chairman Chris Giancarlo, former Appearing Comptroller of the Forex (OCC) Brian Brooks, and former SEC Commissioner Paul Atkins.
Ripple CEO Brad Garlinghouse identified that Giancarlo, Brooks, or Gallagher could be “large upgrades [to Gensler] in rebuilding the rule of legislation (and status) on the SEC.” He added that Gensler must be fired on the primary day of Trump’s second tenure.
In the meantime, different group advocates famous that every candidate brings a singular perspective that would higher affect the longer term and progress of crypto regulation in the USA.
