The post Coinbase’s Brian Armstrong champions ‘crypto mom’ Hester Peirce for SEC chair appeared on BitcoinEthereumNews.com.

Coinbase CEO Brian Armstrong has voiced his support for Securities and Exchange Commissioner (SEC) Hester Peirce‘s appointment to lead the agency during President Donald Trump‘s second term. Armstrong’s comments, shared on Nov. 8 through a post on X, described Peirce as “smart, fair, professional,” and capable of bridging both sides of the political spectrum. He emphasized that she would be the best choice for the position. Peirce, widely respected in the crypto sector, has earned the nickname “crypto mom” due to her industry support and outspoken opposition to regulatory actions that she believes unfairly target digital assets. Her leadership could mark a significant shift for the crypto industry, which has often seen current SEC Chair Gary Gensler as an adversary. Although Gensler’s term is set to run through 2026, history shows that a new administration can bring fresh leadership to the SEC. Trump’s recent poll victory and commitment to replace anti-crypto regulators have fueled discussions around Peirce as a popular choice among crypto advocates. Investor Ryan Sean Adams echoed this sentiment, noting her strong qualifications and dedication to the industry. Despite the momentum, reports suggest Peirce may not be interested in the role, preferring to avoid politics. Sources close to Peirce have mentioned her plans to leave the SEC and pursue beekeeping, although there is speculation that a direct offer from the President could change her stance. Other likely candidates Aside from Peirce, crypto advocates have also suggested other notable supporters for the sector, including SEC Commissioner Mark Uyeda, Robinhood’s Chief Legal Officer Dan Gallagher, former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, former Acting Comptroller of the Currency (OCC) Brian Brooks, and former SEC Commissioner Paul Atkins. Ripple CEO Brad Garlinghouse pointed out that Giancarlo, Brooks, or Gallagher would be “massive upgrades [to Gensler] in rebuilding the rule…

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Filed under: News - @ November 8, 2024 10:19 am