U.S. Congressman French Hill: Hester Peirce may become the new acting chairman of the SEC

U.S. Rep. French Hill, a Republican from Arkansas, said in an interview that Republican SEC Commissioner Hester Peirce "may become the new acting chair of the U.S. SEC." Hill said: "We look forward to Trump appointing a new SEC chairman, and after Gary Gensler leaves office on January 20 next year, a Republican will become the acting chair of the SEC. That person may be Hester Peirce - she is likely to become the acting chair of the SEC." Regarding Gary Gensler's announcement of his upcoming departure, Hill said, "Gensler is really disappointing for the crypto ecosystem." This is because Gensler takes an "enforcement and supervision" approach, and "Gensler's views on the crypto industry are almost inconsistent." Hill added that the SEC cannot solve all the problems currently facing the U.S. crypto industry. Congress must work with the SEC to pass laws to ensure fair enforcement of digital assets. (Cryptonews)