Lawyer James Murphy believes SEC Chair Gary Gensler may grow to be the Secretary of america Treasury if President Joe Biden is reelected.
With only a few months left earlier than the 2024 United States election is held, crypto fanatics have been speculating on the way forward for SEC Chair Gary Gensler.
Many are desperate to know whether or not Gensler will proceed because the SEC Chair after the election or get a distinct appointment.
Gensler May Be Appointed As U.S. Treasury Secretary
Lawyer James Murphy (a.okay.a. MetaLawMan) weighed into the dialogue in a current interview with Tony Edward of Pondering Crypto podcast.
What’s going to occur to SEC chair Gary Gensler after the 2024 presidential election? Will he be eliminated or depart for the treasury job?
James Murphy aka MetaLawMan shares his ideas.
Watch the total interview https://t.co/16DcSawEC9 #garygensler #elizabethwarren #xrp #ripple… pic.twitter.com/2cs4XOF6Xw
— Tony Edward (Pondering Crypto Podcast) (@ThinkingCrypto1) February 13, 2024
Based on him, many United States politicians, together with Senator Elizabeth Warren, have been throwing their weights behind Gensler to proceed clamping down on crypto.
He famous that these U.S. politicians have supported Gensler’s anti-crypto agenda regardless of the unhealthy optics in opposition to the SEC underneath his management.
As an illustration, Justice of the Peace Sarah Netburn, within the Ripple case, slammed the SEC attorneys for missing trustworthy allegiance to the legislation. Moreover, the SEC not too long ago signaled its intention to dismiss the lawsuit in opposition to DEBT Field with out prejudice after the choose threatened to sanction its legal professionals for offering deceptive info to acquire a restraining order.
In response as to if Gensler will proceed because the SEC Chair, MetaLawMan speculated that the securities boss may obtain his dream of changing into the Secretary of america Treasury if President Joe Biden is reelected.
Nevertheless, Lawyer Murphy asserted that developments on the Senate will decide whether or not Gensler and different appointees can be handed.
“If the Republicans take over the Senate, it’ll get laborious to go by means of a few of these nominations that could be problematic,” Lawyer Murphy remarked.
Gensler Nonetheless Loves SEC Job
It’s price mentioning that Gensler not too long ago disclosed his intentions to proceed as SEC Chair if President Biden is reelected. Whereas professing his love for the job, Gensler famous that being the SEC chairman permits him to do one thing for the larger good.
Nevertheless, crypto fanatics have a opposite opinion. They consider the SEC chair’s anti-crypto agenda stifles the trade’s development whereas driving innovation out of the U.S.
Because the 2024 United States election edges nearer, crypto supporters hope for an end result that may favor the trade.