The Trump transition team is fervent in Teresa Goody Guillén, associate at legislation agency BakerHostetler and co-lead of its blockchain team, amongst several candidates to change into the next SEC chair, industry sources stated.
Goody Guillén is a seasoned securities lawyer with experience serving the SEC and opposing the agency on behalf of blockchain firms and used firms.
President-elect Trump is looking for a legit-crypto non-bureaucrat to very much overhaul the SEC with light-touch legislation, the sources stated.
Teresa Goody Guillén, a mature of the U.S. Securities and Commerce Commission, is amongst the candidates president-elect Donald Trump is fervent in to lead the agency, of us familiar with the location stated.
Goody Guillén is a associate at legislation agency BakerHostetler and co-lead of its blockchain note. Crypto firms are privately advocating for her to head the regulator consistent alongside with her experience serving the SEC and opposing the agency on behalf of blockchain firms and used Wall Avenue firms.
“She is the most intelligent candidate of the total of us who’re currently being opined on,” stated Brendan Playford, co-founder of Masa, a token-powered decentralized records supplier for AI firms. Goody Guillén would make rapid adjustments to the SEC, he stated.
“She has a optimistic working out of the legal guidelines, has a optimistic working out of the formulation the SEC works,” Playford stated. “We would merely accept as true with an instantaneous commerce maker that would dramatically rework the industry with someone that’s very legit-crypto.”
Goody Guillén declined to comment for this myth. A request for comment from Trump transition team spokesperson Karoline Leavitt went unanswered.
Crypto mavens accept as true with the Trump team’s ear within the selection job following a advertising campaign in which the industry spent over $130 million on the mature president and other Republican candidates. Coinbase CEO Brian Armstrong reportedly met privately with Trump to discuss about personnel appointments.
Goody Guillén enters a competitive shortlist to change SEC chair Gary Gensler, who started referring to his job within the past stressful closing week and is anticipated to step down earlier than Trump’s inauguration on January 20. SEC chairs usually resign all around the transition to a brand new administration. On the advertising campaign ride, Trump vowed to “fire” Gensler on the principle day of his presidency.
Varied SEC chair candidates reportedly consist of Willkie Farr & Gallagher LLP associate Robert Stebbins, Paul Hastings associate Brad Bondi, mature SEC commissioner Paul Atkins, Robinhood chief apt officer Dan Gallagher, and mature acting Comptroller of the Currency Brian Brooks.
‘Tricky as hell’
In keeping alongside with her LinkedIn web page, Goody Guillén became an attorney for the Impart of job of the Overall Counsel at the SEC from 2009 to 2011, when Mary Shapiro grew to change into the principle girl to head the agency.
Later, as chief working officer and managing director at Kalorama Companions, Goody Guillén labored with mature SEC chair Harvey Pitt advising purchasers against SEC enforcement cases..
The Trump transition team is looking for an overhaul of the SEC and shopping for a legit-industry non-bureaucrat who will unwind the expanded agency created below Gensler’s tenure, and cease the note of “legislation by enforcement sprint,” in line with three of us with knowledge of the matter.
By formulation of crypto, the Trump team desires someone who understands the industry and can merely say restraint when it involves making say of securities legal guidelines to digital belongings unless optimistic legislation is passed by Congress, the sources stated,
Pals described Goody Guillén as embodying these suggestions.
“She is modest … but she’s stressful as hell,” stated Charley Cooper, senior guide at digital asset solutions supplier R3 and a mature chief working officer at the U.S. Commodity Futures Buying and selling Commission. “She would govern in step with substantive working out of securities legal guidelines as they note to the used markets, as smartly as to crypto, and he or she’s going to dramatically roll lend a hand the prior administration’s default to regulating via enforcement and arbitrarily reading into statutes written 90 years ago.”
Nicole Trudeau, overall counsel for funding agency Wave Digital Assets, has labored with Goody Guillén on loads of crypto-connected bankruptcies and SEC receiverships.
“Teresa is a factual trailblazer within the crypto home, bringing the abilities and vision wished to lead the SEC and force the event of U.S. crypto and capital markets,” stated Trudeau. “She embodies every little thing President Trump envisioned for the field.”
Losing no time
Unlike the principle Trump administration, this 2nd term selection job is swiftly and organized, Washington insiders stated. An SEC chair is anticipated to be chosen earlier than Thanksgiving.
Trump has named his transition team co-chair, Cantor Fitzgerald CEO Howard Lutnick, as commerce secretary. Earlier, Lutnick became fiercely jockeying to change into treasury secretary, which now looks to be going to Key Square Neighborhood founder Scott Bessent, Apollo International Management CEO Ticket Rowan or mature Federal Reserve governor Kevin Warsh, who’re prime contenders.
Trump has already announced several distinctive and controversial picks, including U.S. Salvage. Matt Gaetz (R-Fla.) for attorney overall, which will likely meet resistance from Congress attributable to intercourse trafficking allegations.
Broken-down Fox Data host Pete Hegseth has been tapped for Defense secretary, mature U.S. Salvage. Tulsi Gabbard (D-Hi there.) for director of nationwide intelligence, and Robert F. Kennedy Jr. for Health and Human Products and services secretary.
