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Will Richard Farley Help or Hinder Crypto?
The post Will Richard Farley Help or Hinder Crypto? appeared on BitcoinEthereumNews.com. Rumors are flying around that Richard Farley, a top Wall Street lawyer, could soon take over as SEC Chair under Trump. Farley would replace Gary Gensler, who’s been pretty tough on crypto. And his potential appointment has some people excited while others, not so much. Farley’s connections to Wall Street make him a unique pick. Let’s explore if he is the right one for crypto’s future? Crypto Is Split on Farley’s Wall Street Roots Richard Farley isn’t a random SEC pick. He’s a partner at the big time law firm Kramer Levin Naftalis & Frankel. This firm represents major banks like Goldman Sachs, UBS, and Credit Suisse. While some think his financial expertise is a plus, others see red flags. His deep Wall Street ties have made some in the crypto world uneasy. They’re worried he might bring too strict rules and could slow down the growth of digital assets. One outspoken critic is Adam Cochran, a partner at Cinneamhain Ventures. Cochran believes Farley could hold back crypto’s growth and should be the next SEC chair. He’s actually rooting for other candidates like Hester Peirce or Dan Gallagher, both of whom have shown more support for crypto-friendly policies. But it’s not all criticism—some think Farley could be exactly what the industry needs. Timothy Peterson, a network economist, sees Farley’s background in finance as a way to bring stable, sensible oversight to the market. For Peterson, Farley might be able to find a middle ground: less chaotic growth, but not stifling the industry either. Could Another Candidate Be Better for Crypto? Farley might be Trump’s top choice, but he’s not the only one in the running. Some in the crypto world are hoping for SEC Commissioner Mark Uyeda. Uyeda has openly pushed back against Gensler’s strict crypto policies, calling them way…
The post Will Richard Farley Help or Hinder Crypto? appeared on BitcoinEthereumNews.com.
Rumors are flying around that Richard Farley, a top Wall Street lawyer, could soon take over as SEC Chair under Trump. Farley would replace Gary Gensler, who’s been pretty tough on crypto. And his potential appointment has some people excited while others, not so much. Farley’s connections to Wall Street make him a unique pick. Let’s explore if he is the right one for crypto’s future? Crypto Is Split on Farley’s Wall Street Roots Richard Farley isn’t a random SEC pick. He’s a partner at the big time law firm Kramer Levin Naftalis & Frankel. This firm represents major banks like Goldman Sachs, UBS, and Credit Suisse. While some think his financial expertise is a plus, others see red flags. His deep Wall Street ties have made some in the crypto world uneasy. They’re worried he might bring too strict rules and could slow down the growth of digital assets. One outspoken critic is Adam Cochran, a partner at Cinneamhain Ventures. Cochran believes Farley could hold back crypto’s growth and should be the next SEC chair. He’s actually rooting for other candidates like Hester Peirce or Dan Gallagher, both of whom have shown more support for crypto-friendly policies. But it’s not all criticism—some think Farley could be exactly what the industry needs. Timothy Peterson, a network economist, sees Farley’s background in finance as a way to bring stable, sensible oversight to the market. For Peterson, Farley might be able to find a middle ground: less chaotic growth, but not stifling the industry either. Could Another Candidate Be Better for Crypto? Farley might be Trump’s top choice, but he’s not the only one in the running. Some in the crypto world are hoping for SEC Commissioner Mark Uyeda. Uyeda has openly pushed back against Gensler’s strict crypto policies, calling them way…
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