Trump evaluates Teresa Goody Guillén as possible chairwoman of SEC

The choice of an experienced cryptocurrency lawyer could mark a significant change in the regulation of the industry.

Teresa Goody Guillén running for SEC.
According to sources close to Donald Trump's transition team, attorney Teresa Goody Guillén is being considered for the role of chairman of the Securities and Exchange Commission (SEC). Currently a partner at BakerHostetler and co-leader of its blockchain team, Goody Guillén has significant experience both as a former SEC lawyer and as a corporate representative in the cryptocurrency industry. His appointment could represent a sea change in industry regulation at a time when the industry is seeking greater clarity and support.

A necessary change?
Goody Guillén's appointment is seen as an opportunity to implement more cryptocurrency-friendly regulation. One token project founder said his presence would be "instant change." With current SEC Chairman Gary Gensler expected to step down before Trump's inauguration on Jan. 20, 2025, the choice of a pro-crypto candidate could mark a new beginning for cryptocurrency regulation in the United States.

The political and financial environment
Interestingly, the cryptocurrency industry has invested more than $130 million in the Trump campaign and other Republican candidates. This financial support could influence future policy decisions and appointments, making Goody Guillén's choice even more significant. His experience in the industry could lead to a review of current policies, which many consider too restrictive.

What are the implications?
Should Goody Guillén be appointed, her policies could encourage a lighter approach to cryptocurrency regulation, encouraging innovation and growth in the sector. However, there are also concerns about the need to protect investors and ensure market stability. The challenge will be to strike a balance between promoting innovation and ensuring investor safety.

Conclusion
The possible appointment of Teresa Goody Guillén as chair of the SEC represents a pivotal moment for the future of cryptocurrency in the United States. With the industry continuing to evolve and pressure for more favorable regulation, her experience and vision could have a lasting impact. It will be interesting to watch how events unfold in the coming months and what policies will be implemented under his leadership.