Crypto-Friendly Nominee for SEC from Trump

According to Coindesk, Trump's transition team is considering Teresa Goody Guillen, a partner at the law firm BakerHostetler, for the position of chair of the U.S. Securities and Exchange Commission (SEC). Goody Guillen stands out as a significant figure who has served as a securities attorney for blockchain companies and traditional businesses, gaining experience against the SEC. Industry sources indicate that Trump is looking for a crypto-friendly executive who will bring lightly touched regulations to the SEC. It is believed that Guillen's adoption of a crypto-friendly approach could provide flexibility in SEC regulations. The strategic appointments by President Trump in this regard offer an opportunity for further development of cryptocurrency markets in the U.S. Notably, candidates proposed for the SEC include individuals who will strengthen bridges within the crypto sector. With a crypto-friendly administration, significant steps are expected to be taken in the U.S. regarding digital asset regulations.

Crypto advocate Lutnick appointed as Secretary of Commerce President-elect Donald Trump has appointed Howard Lutnick, CEO of Cantor Fitzgerald, as Secretary of Commerce. Lutnick is known for being a long-time advocate of cryptocurrency and has drawn attention for his connections to Tether. With his appointment to the position of Secretary of Commerce in Trump’s new cabinet, he is expected to advance U.S. business both domestically and internationally. Lutnick will also be among the President's closest advisors in the U.S. Cabinet. While expressing his confidence in Tether’s financial health, Lutnick is also known for his views on Bitcoin. He has mentioned that spot BTC ETFs represent an investment avenue for Americans, but also emphasized that Bitcoin is not exclusive to Americans. Additionally, Howard Lutnick announced in July at the Bitcoin 2024 conference that he was considering starting a Bitcoin financing business.