According to a Reuters report on November 7 (citing sources), Trump's transition team is considering a number of key figures for leadership positions, including corporate lawyers and Republican regulators, and plans to submit a final list of candidates soon.
The top candidates for the chairman of the Securities and Exchange Commission (SEC) include Robinhood's chief legal officer; former SEC Commissioner Dan Gallagher; and former SEC Commissioner Paul Atkins, who currently leads consulting firm Patomak Global Partners.
Gallagher is a popular candidate among Crypto asset executives who has made a significant contribution to Trump's campaign and is currently a popular candidate for the top position at the SEC.
Industry leaders expect that Gallagher's appointment could change the agency's stance and move away from the policies of current SEC Chairman Gary Gensler, who takes a hard line on Crypto asset regulation.
Sources said that discussions are still ongoing and multiple options are being reviewed.
Another candidate being considered to lead the SEC is Robert Stebbins, a partner at Willkie Farr & Gallagher who served as the SEC's general counsel during the previous Trump administration.
Gensler's term ends in 2026, but he has expressed his intention to step down after the new administration takes office.
Meanwhile, SEC Commissioner Hester Peirce reportedly has no interest in serving as SEC Chairman, despite strong support for him within the Crypto asset industry.
Trump has expressed his intention to roll back “burdensome” regulations, with the focus of reforms likely to be the recently drafted Basel rules that impose higher capital requirements for large banks, as well as other regulations put in place by the Biden administration.
While Trump could replace Acting Comptroller of the Currency Michael Hsu on his first day in office, implementing changes at the Fed’s regulatory arm and the Federal Deposit Insurance Corporation (FDIC) may take longer.
Federal Reserve Governor Michelle Bowman and FDIC Board Vice Chairman Travis Hill are potential nominees for top banking positions, with the former being an advocate of looser bank regulations.
Jonathan Gould, former senior deputy director of the Office of the Comptroller of the Currency, is also reportedly under consideration.
Trump’s campaign has received strong support from Crypto asset interest groups, who have pledged to promote BTC and overhaul the SEC’s regulatory approach.
The report said that Trump's national press secretary Karoline Leavitt said the president-elect will announce personnel appointments soon.
World Liberty Financial, backed by the Trump family, has launched the KYC process for its WLFI tokens. Accredited US investors and non-US participants can join, while US retail investors are excluded due to regulations. The project hopes to expand access to all US users in the future.
CatherineAs blockchain and crypto adoption rises globally, more users are seeking quick profits. Over the past year, more than 250 individuals in the UK lost over $650,000 to fraudulent Bybit demo accounts. Investigations into these scams are being conducted by blockchain expert ZachXBT.
KikyoIndian YouTuber Ranveer Allahbadia, known as Beer Biceps, experienced a significant cyber attack that resulted in hackers renaming his channels to names associated with Elon Musk, Trump, and Tesla, while deleting most of his content. Fortunately, his channels were restored shortly after, prompting him to emphasize the importance of cybersecurity to his followers.
AnaisEpic Games has sued Google and Samsung, accusing them of restricting competition. The lawsuit claims Samsung’s Auto Blocker prevents app installations outside the Google Play Store, limiting consumer choice and harming developers.
CatherineStarting from 4 October 2024, digital asset firms in Singapore must follow new rules to protect retail investors, including safeguarding customer assets and banning incentives to attract new customers. The second phase, effective 19 June 2025, requires firms to assess retail investors’ understanding of the risks involved with cryptocurrency investments.
WeatherlyGemini is closing all Canadian accounts by December 2024 due to stricter regulations from the Canadian Securities Administrators. Several other exchanges, like Binance and Bybit, have also left Canada because of these new rules.
WeatherlyJesse Pollak, creator of Base, will lead Coinbase Wallet and join the executive team. Experts believe his role could help solve the user experience issues that have slowed cryptocurrency adoption.
KikyoSony Semiconductor Solutions and Raspberry Pi have launched the Raspberry Pi AI Camera, which features the advanced Sony IMX500 sensor for AI image processing. This camera is easy to use, integrates seamlessly with Raspberry Pi devices, and is priced at US$70, making it accessible for hobbyists and developers.
JoyAs crypto regulation discussions heat up, former Chinese Finance Ministry official Zhu Guangyao has urged the government to reconsider its strict ban on virtual assets. He acknowledged the risks of cryptocurrencies while emphasizing the need to analyse global trends and policy changes to guide China's approach.
CatherineIndonesia's first NFT postage stamp, featuring the Cenderawasih bird, was launched on September 27, 2024, to celebrate the 79th anniversary of the Indonesian Post. This collectible item, available in limited quantities, aims to attract younger collectors and enhance the traditional stamp hobby through blockchain technology, ensuring authenticity and security.
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