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The Crypto Industry Is Helping Donald Trump Pick SEC Chair
The president-elect's transition team is consulting with industry leaders as it vets potential replacements for outgoing chair Gary Gensler, sources tell WIRED.
He was very engaged and asked great questions,” says Brian Morgenstern, head of public policy at bitcoin mining company Riot Platforms and a former official in the first Trump administration, who was in attendance. His pick for Commerce secretary, Howard Lutnick, leads financial services company Cantor Fitzgerald, which manages assets for Tether, operator of the world’s largest stablecoin. “Based on what I've heard in private conversations, my perspective has been that the incoming administration is taking their pro-bitcoin and crypto campaign promises very seriously and intend to do a robust assessment of options to optimize [appointments to regulatory positions] as best they can,” says Christopher Calicott, managing director at bitcoin-focused VC firm Trammell Venture Partners.
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