Teresa Goody Guillén may become the new chair of the US SEC, bringing hope to the encryption industry.

On November 21, the U.S. Securities and Exchange Commission (SEC) released a striking piece of news on its official website, which has excited the encryption industry. Current SEC Chairman Gary Gensler has decided to step down early, a decision that may be related to the upcoming political changes.

As the 2024 U.S. presidential election approaches, Trump has become a candidate that the encryption industry holds high hopes for. He has publicly criticized Gensler's encryption regulatory policies multiple times and stated that he would replace the SEC chairman if elected. In the search for a new SEC chairman candidate, Teresa Goody Guillén has gradually become a popular choice due to her unique professional experience and industry support.

Teresa Goody Guillén is currently a partner at a law firm and co-head of the blockchain team. She has extensive experience in both traditional finance and the encryption industry, having served as a litigation attorney in the Office of the General Counsel of the SEC and held senior positions at several legal consulting firms. This background makes her a rare professional at the intersection of traditional finance and emerging technologies.

The team led by Teresa specializes in helping startups navigate regulatory challenges, including developing compliance strategies and responding to regulatory investigations. Her team has also collaborated with several well-known blockchain projects to promote the application of Web3 technology within the legal framework. Teresa has maintained a friendly attitude towards the encryption industry, advocating for a more open approach in the U.S. when formulating encryption regulations to provide a supportive framework for technological innovation.

If Teresa eventually replaces Gensler as the SEC chair, it could bring a whole new regulatory direction for the U.S. encryption industry. She has repeatedly expressed her desire to establish a new classification system for digital assets, moving away from relying solely on the traditional Howey test to determine the nature of encryption assets. If this idea is implemented, it will provide clearer rules for the industry, reduce uncertainty, and potentially attract more institutional capital into the encryption field.

However, the challenges Teresa faces cannot be ignored. She needs to balance the interests of traditional financial institutions and the emerging encryption industry while protecting investor rights and maintaining market stability as she promotes change. The answers to these questions may only gradually be revealed after she officially takes office.

Overall, Teresa Goody Guillén as a candidate for SEC Chair represents a strong expectation in the market for a shift in encryption regulatory policies. She understands traditional financial rules and supports Web3 innovation, making her a potential key figure in driving the development of the U.S. encryption industry. If she ultimately receives the appointment, it could bring unprecedented changes to U.S. encryption regulation, reshaping America’s competitiveness in the global encryption market.