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International Business Times
International Business Times
Business
Marvie Basilan

Warren 'Planted' Speculation About SEC's Gensler As Treasury Secretary: Blockchain Industry Leader

Gary Gensler SEC Elizabeth Warren Perianne Boring Crypto blockchain Kamala Harris Adam Cochran Donald Trump Bitcoin
SEC Chair Gary Gensler is a well-criticized figure in the crypto space -- under his leadership, the regulator has launched an enforcement-first approach to the industry. U.S. House Committee on Financial Services YouTube | Oversight of the Securities and Exchange Commission (EventID=115751) (Credit: U.S. House Committee on Financial Services YouTube Channel/Screenshot)

KEY POINTS

  • Perianne Boring said the group has heard Warren 'planted' the rumor to gauge its impact on her political base
  • Boring branded Warren as the 'number one nemesis' of the crypto industry
  • Adam Cochran said he will vehemently oppose the idea if Warren does nominate Gensler

The cryptocurrency rumor mill is once again running wild amid fresh speculation that Democratic Sen. Elizabeth Warren floated the idea of nominating U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler as the Treasury Secretary.

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