Crypto Lawyer Teresa Goody Guillén?
- The Trump transition team is considering Teresa Goody Guillén, partner at law practice BakerHostetler and co-lead of its blockchain group, amongst several candidates to come to be the following SEC chair, sector sources said.
- Goody Guillén is an experienced securities lawyer with experience serving the SEC and opposing the firm in support of blockchain companies and standard companies.
- President-elect Trump is seeking a pro-crypto non-bureaucrat to dramatically upgrade the SEC with light-touch policy, the resources stated.
Teresa Goody Guillén, a veteran of the U.S. Securities and Exchange Commission, is among the prospects president-elect Donald Trump is considering to lead the company, people accustomed to the situation said.
Goody Guillén is a partner at law office BakerHostetler and co-lead of its blockchain practice. Crypto companies are privately advocating for her to head the regulator based on her experience offering the SEC and opposing the firm in support of blockchain business and typical Wall Street companies.
” She is the very best candidate of all the people that are presently being suggested on,” claimed Brendan Playford, founder of Masa, a token-powered decentralized information carrier for AI companies. Goody Guillén would certainly make prompt adjustments to the SEC, he stated.
” She has a clear understanding of the legislations, has a clear understanding of the way the SEC functions,” Playford said. “We would simply have an instant adjustment maker that would dramatically change the market with a person that’s extremely pro-crypto.”
Goody Guillén declined to comment for this story. An ask for comment from Trump transition team agent Karoline Leavitt went unanswered.
Crypto professionals have the Trump team’s ear in the option process complying with a campaign in which the market spent over $130 million on the former president and other Republican candidates. Coinbase chief executive officer Brian Armstrong reportedly met privately with Trump to review personnel consultations.
Goody Guillén goes into a competitive shortlist to replace SEC chair Gary Gensler, who started describing his work in the past stressful recently and is expected to step down before Trump’s launch on January 20. SEC chairs customarily resign throughout the transition to a new management. On the campaign trail, Trump promised to “fire” Gensler on the very first day of his presidency.
Various other SEC chair prospects supposedly consist of Willkie Farr & Gallagher LLP partner Robert Stebbins, Paul Hastings partner Brad Bondi, previous SEC commissioner Paul Atkins, Robinhood chief lawful officer Dan Gallagher, and former acting Comptroller of the Currency Brian Brooks.
‘ Tough as heck’
According to her LinkedIn page, Goody Guillén was an attorney for the Workplace of the General Counsel at the SEC from 2009 to 2011, when Mary Shapiro ended up being the very first woman to head the firm.
Later, as chief running officer and taking care of director at Kalorama Partners, Goody Guillén worked with previous SEC chair Harvey Pitt encouraging customers against SEC enforcement instances.
The Trump transition team is looking for an overhaul of the SEC and searching for a pro-business non-bureaucrat that will certainly unwind the broadened firm developed under Gensler’s tenure, and finish the practice of “regulation by enforcement action,” according to three people with understanding of the issue.
In regards to crypto, the Trump group wants somebody who recognizes the sector and will certainly work out restraint when it pertains to using securities regulations to digital possessions till clear regulation is passed by Congress, the sources stated,
Peers described Goody Guillén as personifying these concepts.
” She is underrated … however she’s tough as hell,” said Charley Cooper, elderly advisor at digital possession remedies company R3 and a previous chief running officer at the U.S. Product Futures Trading Commission. “She would control based upon substantive understanding of securities laws as they apply to the conventional markets, along with to crypto, and she will dramatically roll back the prior administration’s default to controling via enforcement and randomly reading into statutes written 90 years back.”
Nicole Trudeau, basic counsel for investment company Wave Digital Possessions, has actually dealt with Goody Guillén on a variety of crypto-related insolvencies and SEC receiverships.
” Teresa is a true pioneer in the crypto room, bringing the competence and vision required to lead the SEC and drive the growth of united state crypto and capital markets,” claimed Trudeau. “She personifies every little thing Head of state Trump pictured for the sector.”
Wasting no time at all
Unlike the very first Trump administration, this second term selection process is quick and arranged, Washington experts claimed. An SEC chair is anticipated to be selected prior to Thanksgiving.
Trump has named his transition team co-chair, Cantor Fitzgerald Chief Executive Officer Howard Lutnick, as business secretary. Earlier, Lutnick was increasingly jockeying to come to be treasury assistant, which now seems going to Key Square Group owner Scott Bessent, Beauty Global Management CEO Mark Rowan or former Federal Get governor Kevin Warsh, who are top competitors.
Trump has currently announced numerous distinct and questionable choices, including U.S. Rep. Matt Gaetz (R-Fla.) for chief law officer, which will likely meet resistance from Congress as a result of sex trafficking allegations.
Previous Fox News host Pete Hegseth has been tapped for Protection assistant, previous U.S. Rep. Tulsi Gabbard (D-Hi.) for supervisor of nationwide intelligence, and Robert F. Kennedy Jr. for Health and Person Solutions assistant.
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