President-elect Trump is looking at Teresa Goody Guillen as a pro-crypto SEC chair to replace Gary Gensler. This change could reshape cryptocurrency regulations. The news lifted hopes for XRP price and Ethereum market gains. A friendlier SEC approach might boost crypto values.
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How Teresa Goody Guillenâs SEC Role Could Impact XRP, Ethereum, and Crypto Regulations
Guillenâs Unique Regulatory Experience
Source: Watcher Guru
Teresa Goody Guillen knows both sides of crypto regulation. She worked at the SECâs Office of General Counsel from 2009 to 2011. Later, she defended crypto firms at Baker & Hostetler. That said, it is worth noting that sheâs still under consideration, with no final decision made yet.
XRP and Ethereum Price Implications
A new SEC leader could help the XRP price and the Ethereum market to grow. Guillen might clear up legal issues for XRP and boost Ethereumâs standing. Masaâs co-founder Brendan Playford backs her, saying sheâd bring âinstant changeâ to how the SEC handles digital assets.
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Trumpâs Crypto-Focused Vision
Source: Watcher Guru
Trumpâs team is picking crypto-friendly leaders. They want to update crypto regulations while keeping markets stable. The team met with Coinbase CEO Brian Armstrong. Pro-Bitcoin voices Elon Musk and Robert F. Kennedy joined the administration.
Source: Watcher Guru
Competition for SEC Leadership
Other choices include Robinhoodâs Dan Gallagher, Patomak CEO Paul Atkin, and SEC commissioner Hester Pierce. All support crypto growth. They match Trumpâs goal of backing digital assets until Congress makes clear rules.
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Market Sentiment and Future Outlook
Crypto investors see this as good news. A pro-crypto SEC chair would change current strict policies. XRP could gain from clearer rules. The Ethereum market might grow under updated oversight.
