Kamala Harris May Nominate SEC Chair Gary Gensler as Treasury Secretary if Elected

Aug 19, 2024, 07:32 PM

Kamala Harris, a potential Democratic nominee for the 2024 U.S. Presidential Election, is reportedly considering nominating Gary Gensler, the current Chairman of the Securities and Exchange Commission (SEC), as Treasury Secretary if she is elected. This potential nomination has sparked discussions and concerns among both Democrats and Republicans. Gensler is a key figure in regulating the cryptocurrency market, and his appointment could signal a significant shift in U.S. financial policy. Senate sources have indicated that Harris is likely to nominate Gensler, who is known for his stringent regulatory stance, particularly towards cryptocurrencies.