Report That Kamala Harris Will Nominate Gary Gensler For Treasury Secretary Sparks Skepticism

The Washington Reporter mentioned Vice President Kamala Harris is prone to nominate Securities and Trade Fee (SEC) Chair Gary Gensler for Treasury Secretary if elected, however senior politicians and analysts shortly questioned the reliability of its sources.

The Washington Reporter article cited ”a number of senior Senate staffers,” including that their feedback on Harris’s plan corroborated what prime Republicans had additionally informed the publication.

However Custodia Financial institution CEO Caitlin Lengthy shortly dissed the story in an Aug. 19 put up on X, saying that a number of Democrats had contacted her and informed her the “rumor is fake.” 

OK, a number of Dems contacted me to say the “Gensler as Treasury Secretary” rumor is fake. One thinks the supply of the rumor is Gensler himself — (thinks he planted it simply to mess with all of us…that sounds about proper TBH)🤷‍♀️ https://t.co/nTRwq1Gafu

— Caitlin Lengthy 🔑⚡️🟠 (@CaitlinLong_) August 19, 2024

A Gensler Appointment To ”Finish Crypto In The US”

Bankless founder Ryan Sean Adams requested the journalist who wrote the report, Matthew Foldi, to share how dependable his sources are.

Adams mentioned that if the rumor is true, it might “principally END crypto within the U.S.,” including that crypto founders would possibly as effectively “flee the nation now.”

Okay @MatthewFoldi you are reporting that Kamala Harris is prone to nominate Gary Gensler as Treasury Secretary if she wins.

How dependable are your sources right here?

As a result of if true this is able to principally END crypto within the U.S. and we’d as effectively flee the nation now. pic.twitter.com/tsTjw2IdNh

— RYAN SΞAN ADAMS – rsa.eth 🦄 (@RyanSAdams) August 19, 2024

Adams additionally mentioned the story “could be very unlikely to be true.” Regardless, he believes that the potential Gensler re-appointment can’t be dominated out till Harris herself confirms she won’t nominate the SEC Chair as Treasury Secretary.

The Washington Reporter story mentioned there shall be “unified Republican opposition” to Gensler if Harris wins. Nevertheless, the SEC Chair will possible have the ability to depend on broad Democratic assist, it mentioned.

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