Trump sent four new names to the Senate for the SEC and CFTC. Two Republicans, two Democrats.
Steven Levine is up for Hester Peirce's old SEC seat and Kristin Johnson for the one Caroline Crenshaw held. On the CFTC side it's Nathan Anonick and Matthew Rowland.
Why it matters for us. The SEC has only 2 of 5 seats filled right now and Michael Selig is running the CFTC alone. These are the people who end up writing a lot of crypto rules while the CLARITY Act is still stuck after failing its Senate test in September.
Peirce was one of the friendliest voices crypto had in that building, so whoever sits in her chair matters.
All four still need Senate confirmation and the Senate changes hands in January, so the window is short. Won't fix today's $BTC chart, but this stuff shapes the next few years.
Source: Cointelegraph and Crypto Times.
Steven Levine is up for Hester Peirce's old SEC seat and Kristin Johnson for the one Caroline Crenshaw held. On the CFTC side it's Nathan Anonick and Matthew Rowland.
Why it matters for us. The SEC has only 2 of 5 seats filled right now and Michael Selig is running the CFTC alone. These are the people who end up writing a lot of crypto rules while the CLARITY Act is still stuck after failing its Senate test in September.
Peirce was one of the friendliest voices crypto had in that building, so whoever sits in her chair matters.
All four still need Senate confirmation and the Senate changes hands in January, so the window is short. Won't fix today's $BTC chart, but this stuff shapes the next few years.
Source: Cointelegraph and Crypto Times.
