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Harris to Nominate Gensler as US Treasury Secretary
The post Harris to Nominate Gensler as US Treasury Secretary appeared on BitcoinEthereumNews.com. According to Washington Reporter, the future of Securities and Exchange Commission (SEC) Chairman Gary Gensler as multiple senior Senate staffers suggest that if Vice President Kamala Harris wins the presidential election in November, she plans to nominate Gensler as her Treasury Secretary. This speculation has been echoed by top Republicans, who have voiced their concerns about this potential move. Republican Concerns Over Gensler’s Potential Nomination Rep. Tom Emmer (R., Minn.) recently told the Washington Reporter that Harris’s choice of Gensler—or alternatively, Sen. Elizabeth Warren (D., Mass.)—for Treasury Secretary could spell disaster for the economy. Emmer criticized Gensler’s tenure at the SEC, accusing him of overreaching with numerous lawsuits, many of which he claims have been unsuccessful. According to Emmer, “Gary Gensler needs to move on. His career in government should be over.” If Harris emerges victorious in the upcoming election, senior Republican Senate staffers anticipate a unified opposition from their party against Gensler’s nomination. However, Gensler is likely to garner strong support from Democrats. Reps. Elissa Slotkin (D., Mich.) and Ruben Gallego (D., Ariz.) are two potential Democratic votes in Gensler’s favor, though both have yet to publicly comment on the matter. Both Slotkin and Gallego have anti-cryptocurrency voting records but have also received significant campaign contributions from a pro-cryptocurrency group, Fairshake PAC. Their stance on Gensler’s nomination remains unclear, but Republicans are preparing to challenge it vigorously. Speculation on Gensler’s Future at the SEC Aside from the potential Treasury nomination, there are also whispers that Gensler might step down from his position as SEC chairman before the November election. This move would allow President Joe Biden to appoint a new chair, potentially setting up a scenario where Gensler remains within the SEC as a commissioner under a new administration. Katie Biber, Chief Legal Officer at the crypto investment firm…
The post Harris to Nominate Gensler as US Treasury Secretary appeared on BitcoinEthereumNews.com.
According to Washington Reporter, the future of Securities and Exchange Commission (SEC) Chairman Gary Gensler as multiple senior Senate staffers suggest that if Vice President Kamala Harris wins the presidential election in November, she plans to nominate Gensler as her Treasury Secretary. This speculation has been echoed by top Republicans, who have voiced their concerns about this potential move. Republican Concerns Over Gensler’s Potential Nomination Rep. Tom Emmer (R., Minn.) recently told the Washington Reporter that Harris’s choice of Gensler—or alternatively, Sen. Elizabeth Warren (D., Mass.)—for Treasury Secretary could spell disaster for the economy. Emmer criticized Gensler’s tenure at the SEC, accusing him of overreaching with numerous lawsuits, many of which he claims have been unsuccessful. According to Emmer, “Gary Gensler needs to move on. His career in government should be over.” If Harris emerges victorious in the upcoming election, senior Republican Senate staffers anticipate a unified opposition from their party against Gensler’s nomination. However, Gensler is likely to garner strong support from Democrats. Reps. Elissa Slotkin (D., Mich.) and Ruben Gallego (D., Ariz.) are two potential Democratic votes in Gensler’s favor, though both have yet to publicly comment on the matter. Both Slotkin and Gallego have anti-cryptocurrency voting records but have also received significant campaign contributions from a pro-cryptocurrency group, Fairshake PAC. Their stance on Gensler’s nomination remains unclear, but Republicans are preparing to challenge it vigorously. Speculation on Gensler’s Future at the SEC Aside from the potential Treasury nomination, there are also whispers that Gensler might step down from his position as SEC chairman before the November election. This move would allow President Joe Biden to appoint a new chair, potentially setting up a scenario where Gensler remains within the SEC as a commissioner under a new administration. Katie Biber, Chief Legal Officer at the crypto investment firm…
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