Coinbase’s Brian Armstrong champions ‘crypto mom’ Hester Peirce for SEC chair Coinbase’s Brian Armstrong champions ‘crypto mom’ Hester Peirce for SEC chair
Peirce's leadership at SEC could bring fresh optimism to crypto regulation, shifting the dynamics with current chair Gensler.
2 min read
Updated: Nov. 8, 2024 at 10:02 am UTC
US SEC / Public Domain. Remixed by CryptoSlate
Coinbase CEO Brian Armstrong has voiced his support for Securities and Exchange Commissioner (SEC) Hester Peirce‘s appointment to lead the agency during President Donald Trump‘s second term.
Armstrong’s comments, shared on Nov. 8 through a post on X, described Peirce as “smart, 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 sector, has earned the nickname “crypto mom” due to her industry support and outspoken opposition to regulatory actions that she believes unfairly target digital assets.
Her leadership could mark a significant shift for the crypto industry, which has often seen current SEC Chair Gary Gensler as an adversary. Although Gensler’s term is set to run through 2026, history shows that a new administration can bring fresh leadership to the SEC.
Trump’s recent poll victory and commitment to replace anti-crypto regulators have fueled discussions around Peirce as a popular choice among crypto advocates. Investor Ryan Sean Adams echoed this sentiment, noting her strong qualifications and dedication to the industry.
Despite the momentum, reports suggest Peirce may not be interested in the role, preferring to avoid politics. Sources close to Peirce have mentioned her plans to leave the SEC and pursue beekeeping, although there is speculation that a direct offer from the President could change her stance.
Other likely candidates
Aside from Peirce, crypto advocates have also suggested other notable supporters for the sector, including SEC Commissioner Mark Uyeda, Robinhood’s Chief Legal Officer Dan Gallagher, former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, former Acting Comptroller of the Currency (OCC) Brian Brooks, and former SEC Commissioner Paul Atkins.
Ripple CEO Brad Garlinghouse pointed out that Giancarlo, Brooks, or Gallagher would be “massive upgrades [to Gensler] in rebuilding the rule of law (and reputation) at the SEC.” He added that Gensler should be fired on the first day of Trump’s second tenure.
Meanwhile, other community advocates noted that each candidate brings a unique perspective that could better influence the future and growth of crypto regulation in the United States.
Mentioned in this article
Bitcoin 
Coinbase 
Ripple 
Robinhood 
Brian Armstrong 
Brad Garlinghouse 
Donald Trump 
Gary Gensler 
Hester Peirce Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.
Ripple
Ripple is a US-based technology company which develops the Ripple payment protocol and exchange network using XRP, the digital asset native to the XRP Ledger.
Robinhood
Robinhood is an American financial services company headquartered in Menlo Park, California that was founded in April 2013 by Vladimir Tenev and Baiju Bhatt.
Brian Armstrong, co-founder and CEO of Coinbase, stands at the forefront of the digital currency revolution.
Brad Garlinghouse stands at the forefront of financial technology as the CEO of Ripple.
Donald John Trump was born on June 14, 1946, in Queens, New York City.
Gary Gensler is an American government official and former investment banker who President Joseph Biden nominated to chair the U.S.
Hester Peirce, known as the “Crypto Mom” for her pro-cryptocurrency and blockchain stance, was sworn in as Commissioner of the U.S.