Kamala Harris Reportedly Considering Gary Gensler for Treasury Secretary if Elected: Senate Sources

cryptonews.com:

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Vice President Kamala Harris may nominate SEC Chairman Gary Gensler as Treasury Secretary if she wins the upcoming November election, according to multiple senior Senate staffers.

While Gensler has not publicly expressed any intention to leave his current position, senior Senate staffers have told the Washington Reporter that Harris is considering nominating him as her Treasury Secretary. These rumors align with statements from top Republicans who have also voiced concerns about this potential move.

This potential move would represent a significant shift for Gensler, who has played a prominent role in regulating the cryptocurrency industry. His possible transition to the Treasury Department raises questions about the future of crypto regulation and the broader impact on his career.

BREAKING: Kamala Harris is allegedly considering SEC chairman Gary Gensler as US Treasury Secretary if she wins the election, per DC Senate sources

Rep. Tom Emmer (R., Minn.) has been particularly vocal, warning that a Harris administration could choose either Gensler or Sen. Elizabeth Warren (D., Mass.) for the Treasury role, a move he believes would be detrimental to the economy.

Emmer criticized Gensler’s track record at the SEC, stating,

“Gensler has been bringing lawsuits all over the place — and losing all over the place. That time’s past. Gary Gensler needs to move on. His career in government should be over.”

If Harris wins, it is expected that Gensler will face “unified Republican opposition” in the Senate. However, he is likely to receive strong