Bitcoin News Today TheBitTimes.com

The Donald Trump transition team is considering Dan Gallagher, Robinhood Markets’ chief legal and compliance officer, as a potential successor to Securities and Exchange Commission (SEC) chair Gary Gensler. Gallagher, a former Republican SEC commissioner under the Obama administration, is the leading candidate on Trump’s shortlist, according to a Nov.7 report by Reuters . Trump Promises To Fire Gary Gensler On “Day One” Of Presidency Current SEC chair Gensler has led the regulator in a multi-year battle against US companies operating in the crypto industry, opting for a regulation-by-enforcement approach. That’s made him widely despised in the crypto industry. To win over crypto voters leading up to the US election, Trump promised to fire Gensler on his first day in office, and to appoint a new SEC chair who “will not block the future.” BREAKING: Donald Trump to fire Gary Gensler and hire pro-Bitcoin administration. pic.twitter.com/KxUYo...

The co-founder of the original memecoin is calling out Gary Gensler after the U.S. Securities and Exchange Commission (SEC) chair said Bitcoin (BTC) is not a security. In a new interview with CNBC, SEC chair Gensler states clearly that BTC is not a security. “As it relates to Bitcoin, my predecessor and I have said that it’s not a security.” Bitcoin’s designation as a “non-security” places regulation of the flagship crypto outside the SEC’s jurisdiction. Responding to the news, Dogecoin (DOGE) creator Billy Markus took to the social media platform X to call out Gensler for not giving DOGE the same classification. “he should say dogecoin isn’t a security also as it is mostly bitcoin code and works exactly the same way” Gensler has yet to respond to the vocal DOGE co-founder. This is not the first time Markus has criticized Gensler’s performance as SEC chair. In December of last year, Markus responded to a Gensler claim ...