The Trump transition team is considering pro-crypto lawyer Teresa Goody Guillén as a potential SEC chair candidate, according to reports. Guillén is currently a partner at BakerHostetler and co-lead of its blockchain team.

Last week, Gary Gensler released a statement that suggested he was leaving the agency, and the debate over his replacement has heated up.

“As Trump searches for a pro-crypto SEC Chair, crypto prices will likely continue to rise,” predicted the Kobeissi Letter.

BREAKING: Donald Trump is considering replacing SEC Chair Gary Gensler with pro-crypto lawyer Teresa Goody Guillen.

Trump is supposedly looking for a pro-crypto SEC Chair replacement.

Guillen is a veteran of the SEC known to be pro-crypto. pic.twitter.com/186muDSzQY

— The Kobeissi Letter (@KobeissiLetter) November 19, 2024

All Change at The SEC

“She is the best candidate of all the people that are currently being opined on,” Brendan Playford, co-founder of Masa, told CoinDesk.

He added that she has a clear understanding of the laws and the way the SEC works. “We would just have an instant change-maker that would dramatically transform the industry with someone that’s very pro-crypto.”

She would “dramatically roll back the prior administration’s default to regulating through enforcement and arbitrarily reading into statutes written 90 years ago,” Charley Cooper, senior advisor at digital asset solutions provider R3 and a former chief operating officer at the CFTC, told CoinDesk.

Last week, former SEC attorney Guillén said that US crypto and capital markets “will thrive under President Trump” before adding, “The public has loudly and clearly spoken; current govt has a responsibility to serve the will of the people.”

This is who Trump is considering to replace Gensler