Galaxy Digital’s CEO, Mike Novogratz, has publicly endorsed Commissioner Hester Peirce as a prime candidate for the US SEC Chair position if Donald Trump returns to the presidency. He praised Peirce for her outspoken criticism of the current SEC Chair, Gary Gensler, particularly regarding his method of using lawsuits rather than creating clear guidelines for the crypto industry.
Novogratz’s support reflects Peirce's advocacy for a more defined regulatory framework in the crypto sector, which stands in contrast to Gensler’s approach that has faced considerable backlash. Peirce, often referred to as "Crypto Mom," has been a notable supporter of ensuring fair and clear crypto regulations.
This endorsement by Novogratz is timely as discussions around effective leadership in financial regulatory bodies continue to surface, especially with potential shifts in political administrations. His statement underlines the importance of leadership that aligns with the evolving needs of the cryptocurrency market.
