The name of a lawyer who is an expert in securities and has extensive experience providing services to the United States Securities and Exchange Commission (SEC) is strongly sounding like Donald Trump's option to replace Gary Gensler, at the head of this institution. This is Teresa Goody Guillén, partner at the BakerHostetler law firm and co-director of its team specialized in the cryptocurrency ecosystem. According to local media reports, cryptocurrency companies are privately interceding for her to take charge of the regulatory body, considering his experience working at the SEC. Goody has also manifested in favor of a regulation that promotes the development of the ecosystem, as indicated in the tweet he published after Trump's victory.
Teresa Goody Guillén has been favorable to the cryptocurrency ecosystem. Source: “We would simply have an instant change agent that would dramatically transform the industry with someone who is a supporter of cryptocurrencies,” he added. And that would be precisely the plan, because according to those close to Trump, the president-elect wants to make a 180 degree turn in the SEC and is looking for a pro-cryptocurrency bureaucrat to dismantle the agenda created by Gensler during Joe Biden's mandate, characterized by a kind of attack against the sector. The idea would be to stop applying «regulation by enforcement action», based on adapting current securities laws to cryptocurrencies, without considering the characteristics of the industry. In that sense, everything indicates that the Trump team wants someone who understands cryptocurrencies and is moderate when regulating digital assets, while Congress is expected to pass legislation. In any case, we still have to wait for the official announcement. It is known that his plan is to dismiss Gensler, but – as BitcoinDynamic has explained – that action cannot be immediate, since he would have to justify and demonstrate the causes of the dismissal, a process that takes time. Consequently, what is expected is that Gensler will resign from office once the change of government occurs next January. The official seems to be willing to do so, since a few days ago he referred to his work in the past tense and showed signs of saying goodbye. It must also be taken into account that the list of possible substitutes is longand in addition to Goody includes figures such as former SEC Commissioner Paul Atkins, Robinhood Chief Legal Officer Dan Gallagher, and Brian Brooks, who served as acting Comptroller of the Currency during the Trump administration. Other possible candidates are Hester Peirce, known as «Crypto Mom» for her support of the sector; and J. Christopher Giancarlo, nicknamed “Crypto Dad,” for his book on the future of money and his leadership of the Commodity Futures Trading Commission (CFTC). Also named are Erica Williams, current chair of the Public Company Accounting Oversight Board (PCAOB), and Chris Brummer, a director at Georgetown. «The president-elect will begin making decisions about who will serve in his second Administration soon. Those decisions will be announced when they are made,» Trump's press team stated.