{"id":135848,"date":"2024-08-20T07:15:10","date_gmt":"2024-08-20T04:15:10","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135848"},"modified":"2024-08-20T01:58:25","modified_gmt":"2024-08-19T22:58:25","slug":"gary-gensler-could-become-secretry-of-treasury-if-kamala-harris-wins-the-election","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/gary-gensler-could-become-secretry-of-treasury-if-kamala-harris-wins-the-election\/","title":{"rendered":"Gary Gensler Could Become Secretry of Treasury if Kamala Harris Wins the Election"},"content":{"rendered":"<p>The <a href=\"https:\/\/washingtonreporter.news\/editorial\/scoop-kamala-harris-likely-to-nominate-gary-gensler-as-treasury-secretary-if-elected-senate-sources\/\" target=\"_blank\" rel=\"nofollow\"><strong>report<\/strong><\/a>\u00a0claims, based on information from unnamed senior Senate officials, that Harris intends to nominate Gensler for the role of Treasury secretary if she secures the presidency.<\/p>\n<p>Appointed chairman of the Securities and Exchange Commission in 2021 by President Joe Biden, Gensler has become a controversial figure in the crypto community.<\/p>\n<p>Gensler\u2019s strict approach to crypto regulation has drawn criticism from both sides of the political spectrum. Republican Representative Tom Emmer of Minnesota <a href=\"https:\/\/x.com\/GOPMajorityWhip\/status\/1815781418095796653\" target=\"_blank\" rel=\"nofollow\"><strong>accused<\/strong><\/a> Gensler of trying to stifle free markets, innovation and global competitiveness. Meanwhile, Democratic Representative Richie Torres of New York described Gensler\u2019s interpretation of securities laws as \u201c<em>flexible and subject to manipulation<\/em>.\u201d<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/goldman-sachs-reduces-recession-probability-following-economic-data\/\" title=\"Goldman Sachs Reduces Recession Probability Following Economic Data\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/goldman-sachs-4-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Goldman Sachs Reduces Recession Probability Following Economic Data<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Gensler previously served as chairman of the U.S. Commodity Futures Trading Commission during the Obama administration and played a key role as a senior adviser to Senator Paul Sarbanes in drafting the Sarbanes-Oxley Act. His tenure as chairman of the Securities and Exchange Commission is scheduled to end in 2026, but his future in that position could be affected by the outcome of the next presidential election, particularly if former President Donald Trump, who recently announced his support for cryptocurrencies, is re-elected.<\/p>\n<p><a href=\"https:\/\/x.com\/caitlinlong_\/status\/1825619358389030958?s=46\" target=\"_blank\" rel=\"nofollow\"><strong>The announcement<\/strong><\/a> has been accompanied by some skepticism, with Caitlin Long, CEO of Avanti Bank and a prominent figure in Wyoming\u2019s blockchain sector, suggesting on Platform X that Gensler himself may have spread the rumor to spark comments.<\/p>\n<p>There is reportedly speculation that SEC Commissioner Carolyn Crenshaw could succeed Gensler if he leaves the SEC and also mentions Massachusetts Senator Elizabeth Warren as another possible candidate for the Treasury post.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gary Gensler, the current head of the U.S. Securities and Exchange Commission (SEC) known for his critical stance on cryptocurrencies, could become Treasury secretary if Vice President Kamala Harris wins the upcoming presidential election, according to a report by the Washington Reporter on Monday.<\/p>\n","protected":false},"author":3,"featured_media":37358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-135848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gary Gensler Could Become Secretry of Treasury if Kamala Harris Wins the Election<\/title>\n<meta name=\"description\" content=\"Gary Gensler, the current 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