The U.S. Securities and Exchange Commission (SEC) is entering a transformative phase, as the departures of Chair Gary Gensler and Commissioner Jaime Lizárraga open the door for a pro-crypto agenda. Gensler has announced his resignation effective January 20, 2025, the day President-elect Donald Trump takes office, while Lizárraga will step down on January 17, 2025. These changes could pave the way for policies more favorable to cryptocurrency innovation.
Gensler’s tenure was defined by a stringent “regulation by enforcement” strategy targeting cryptocurrency firms. Critics, including many in the blockchain industry, argue that this approach stifled innovation and unlawfully imposed securities laws on digital assets. With Lizárraga’s departure, only Commissioner Caroline Crenshaw remains to represent Democratic priorities, leaving the SEC poised for Republican control and a likely overhaul of its crypto policy.
JUST IN: SEC Commissioner Jaime Lizárraga to resign in January 🇺🇸
Lizárraga voted against approving spot #Bitcoin ETFs. pic.twitter.com/2i8WIZn341
— Bitcoin Magazine (@BitcoinMagazine) November 22, 2024
Teresa Goody Guillén: A Pro-Crypto Dark Horse for SEC Chair
One name gaining traction as Gensler’s successor is Teresa Goody Guillén, a blockchain and securities expert with deep ties to the crypto community. A co-leader of BakerHostetler’s Blockchain team, Goody Guillén has earned accolades for her work in digital assets and securities law, including recognition from Chambers for Blockchain & Cryptocurrencies. Her pro-crypto stance and balanced approach to regulation make her a popular choice among industry advocates.
If appointed, Goody Guillén could usher in a dramatic shift in SEC priorities, focusing on fostering innovation while maintaining investor protection. Industry leaders anticipate reduced enforcement actions and clearer regulatory frameworks, marking a stark contrast to Gensler’s policies.
Republican-Led SEC Brings Hope for Crypto-Friendly Policies
With Trump’s administration signaling a more crypto-supportive stance, the SEC’s new leadership may transform the U.S. into a hub for blockchain innovation. The departure of Gensler and Lizárraga represents a turning point, as the Republican-led agency aims to redefine the regulatory landscape for digital assets.
“SEC leadership changes bring pro-crypto policies into focus as Gary Gensler and Jaime Lizárraga step down. Could Teresa Goody Guillén lead the charge?
“What do you think of this potential pro-crypto shift at the SEC? Share your thoughts in the comments below!
