The potential appointment of Wall Street lawyer Richard Farley as the new SEC chair under Donald Trump's administration has elicited mixed reactions from the crypto community. Some members express concern that Farley's traditional finance background may lead to an anti-crypto stance, particularly given that many of Trump's suggested SEC picks appear to be unsupportive of cryptocurrencies. Adam Cochran from Cinneamhain Ventures indicated that Farley would not be a favorable choice compared to candidates like Chris Giancarlo, known as ‘Crypto Dad,’ or SEC Commissioner Hester Peirce, ‘Crypto Mom.’ Conversely, economist Timothy Peterson expressed optimism, suggesting that Farley's experience might contribute to creating balanced regulatory frameworks that could support innovation in the crypto space. Others, like crypto attorney Jake Chervinsky, pointed to Mark Uyeda as a strong candidate, noting his critical stance towards prior SEC crypto policies. Overall, the crypto community remains divided on the implications of Farley's possible appointment for the future of cryptocurrency regulation in the U.S.

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