Coinbase CEO Brian Armstrong has expressed support for the nomination of Securities and Exchange Commissioner (SEC) Hester Peirce to lead the agency during President Donald Trump’s second term.
Armstrong’s comments, shared on November 8 in an article on X, described Peirce as “intelligent, fair, professional” and capable of bridging both sides of the political spectrum. He emphasized that she would be the best choice for the position.
Peirce, widely respected in the crypto industry, has earned the nickname “crypto mom” due to her support of the industry and outspoken opposition to regulatory measures that she believes unfairly target digital assets.
His leadership could mark a significant shift for the crypto industry, which has often viewed current SEC Chairman Gary Gensler as an adversary. Although Gensler’s term is expected to extend through 2026, history shows that a new administration can bring new leadership to the SEC.
Trump’s recent election victory and his pledge to replace anti-crypto regulators have fueled discussions around Peirce as a popular choice among crypto advocates. Investor Ryan Sean Adams echoed this sentiment, highlighting his strong qualifications and dedication to the industry.
Despite this momentum, reports suggest Peirce may not be interested in the role, preferring to avoid politics. Sources close to Peirce have mentioned his intention to leave the SEC and go into beekeeping, although speculation swirls that a direct offer from the president could change his position.
Other likely candidates
Besides Peirce, crypto advocates have also suggested other notable supporters of the sector, including SEC Commissioner Mark Uyeda, Robinhood General Counsel Dan Gallagher, former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, the former Acting Comptroller of the Currency (OCC). Brian Brooks and former SEC Commissioner Paul Atkins.
Ripple CEO Brad Garlinghouse noted that Giancarlo, Brooks or Gallagher would be “massive upgrades (to Gensler) in rebuilding the rule of law (and reputation) of the SEC.” He added that Gensler should be fired on the first day of Trump’s second term.
Meanwhile, other community advocates have noted that each candidate brings a unique perspective that could better influence the future and growth of crypto regulation in the United States.
