On CoinDesk's "First Mover" show, host Jennifer Sanasie asked Sen. Cynthia Lummis (R-Wyo.) if Gary Gensler should be replaced as the chair of the Securities and Exchange Commission (SEC) in the wake of the long wait for spot bitcoin ETF approvals in the U.S. "My instinct is that Gensler understands this asset class.
Do you think that Gensler should be replaced as the chair of the SEC? You know, my instinct is that Gensler understands this asset class and I just am speculating that his reticence is more political than it is misalignment of understanding of the fundamentals. So, the only way to replace it is to get a new president and of course, I support um having a, a Republican president. Um, so, uh, we'll just see where, what the public thinks in November.