Gary Gensler: Potential Treasury Secretary Under President Harris?
CryptoNewsTerminal Staff19 Aug, 2024
Gary Gensler: Potential Treasury Secretary Under President Harris?
The Bitcoin Magazine X account reported on Thursday, citing a Senate source, that Vice President Kamala Harris is considering appointing Securities and Exchange Commission (SEC) Chairman Gary Gensler as Treasury Secretary if she wins the November election. Gensler, a former Goldman Sachs banker and Obama-era official, has been a vocal critic of cryptocurrencies, calling them "the Wild West" and warning investors to "be wary." He has also been criticized by some for his close ties to the financial industry. If appointed, Gensler would be the first Treasury Secretary with a background in cryptocurrency regulation. His appointment would likely send a strong signal to the crypto industry, which has been seeking greater clarity from regulators. It is important to note that this is just a rumor at this point, and it is not clear whether Harris will actually win the election or appoint Gensler to this position. However, it is a development that is worth watching, as it could have significant implications for the future of cryptocurrency regulation in the United States.
