Custodia CEO: Democrats Deny Yellen Treasury Secretary Nomination Rumors
CryptoNewsTerminal Staff19 Aug, 2024
Custodia CEO: Democrats Deny Yellen Treasury Secretary Nomination Rumors
Custodia CEO Caitlin Long tweeted that "multiple Democrats" have reached out to her to refute reports that Vice President Kamala Harris is contemplating appointing SEC Chairman Gary Gensler as Treasury secretary in the event that she is elected president. Long, a former Wall Street executive, also stated that she had spoken with Gensler and was confident he would not be leaving the SEC. Although there have been rumors that the Biden administration is considering replacing Yellen as Treasury secretary, no official confirmation has been made. The Treasury Secretary plays a crucial role in shaping the nation's economic policy, and Yellen's departure would have significant implications for the financial markets. However, until any official announcement is made, it remains uncertain whether Gensler will indeed be nominated for the position.
