Crypto community reacts to reports of Wall St. lawyer up for SEC chair role
Reports of a Wall Street lawyer as a potential SEC chair candidate in Trump’s administration have divided the crypto community, with some raising concerns that his traditional finance background may lead to an anti-crypto stance. However, others are more optimistic, speculating that his experience may lead to “thoughtful frameworks” for crypto regulation. Levin Naftalis and Frankel law firm partner Richard Farley is reportedly being considered by Trump’s transition team as a potential replacement for SEC chair and crypto skeptic Gary Gensler, according to a Nov. 7 report by the New York Post. Farley reports receives mixed responses Since Trump was declared the 47th US president on Nov. 6 , speculation has mounted about who might replace Gensler. Farley’s reported potential as a candidate, however, has received a mixed reaction from the crypto community. “So far, most of Trump’s top proposed picks for SEC aren’t crypto-friendly,” Adam Cochran, partner at venture capital firm Cinne
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