- Giancarlo stated he’s not fascinated with any crypto function on the US Treasury
- Hypothesis is rife as to who will change SEC Chairman Gary Gensler following Donald Trump's re-election
Christopher Giancarlo, the previous chairman of the CFTC, has denied rumors that he’s being thought-about to interchange Gary Gensler as head of the US Securities and Change Fee (SEC).
In a put up on X, Giancarlo, referred to as Crypto Dad, stated:
“I've made it clear that I've already cleaned up (the) earlier mess from Gary Gensler @CFTC and I don't wish to do it once more,” including, “DC's rumors that I'm fascinated with some #crypto roles @USTreasury are dangerous too.”
As for the messages that I run within the combine @SECGovI made it clear that I had already cleaned up Gary Gensler's mess @CFTC and I don't wish to do it once more. DC rumors that I’ve some curiosity #crypto function @USTreasury are additionally mistaken.
— Chris Giancarlo (@giancarloMKTS) November 14, 2024
Hypothesis concerning the future head of the SEC comes as Donald Trump vowed to fireside Gensler after his re-election to the White Home earlier this month. Different choices for the function embody SEC Commissioner Hester Peirce, former SEC Commissioner Paul Atkins, and present SEC Commissioner Mark Uyeda.
Giancarlo served as a commissioner on the Commodity Futures Buying and selling Fee (CFTC) from 2014 to 2019. In January 2017, he was named Appearing Chairman of the CFTC, and in August 2017, he was confirmed to function Chairman till 2019.
In 2020, he co-founded the Digital Greenback Undertaking, a non-profit discussion board centered on “digital cash innovation” and the advantages of a US central financial institution digital foreign money (CBDC).
Gensler has been a controversial determine within the cryptocurrency market. In 2022, he stated in an interview that the company is rising its oversight of cryptocurrencies. One such case is his ongoing authorized battle with Ripple.
However earlier this week, Gensler hinted at a attainable departure from the company throughout a speech at PLI's 56th annual Securities Regulatory Institute. Throughout it, he stated, “It has been an incredible honor to serve with (the SEC workers), to do folks's work and make sure that our capital markets stay one of the best on this planet.”
