Justin Sun Offers Gensler a Job If SEC Tenure Ends

Source Beincrypto

Justin Sun, founder of Tron and Prime Minister of Liberland, extended a public invitation to US Securities and Exchange Commission (SEC) Chair Gary Gensler should he be ousted from his position in a future Donald Trump administration.

Sun’s invite, shared on social media, comes amid escalating tensions between the SEC and the cryptocurrency industry. Gensler is often viewed as one of the industry’s primary regulatory antagonists.

Justin Sun Throws Life Jacket At Gary Gensler

This unexpected proposal follows recent statements by Trump, who indicated that if re-elected, he would replace Gensler as head of the SEC. Trump’s remarks, delivered during a recent speech, highlighted his opposition to Gensler’s aggressive stance toward crypto regulation.

 The incumbent president implied that such an approach stifles innovation and economic opportunity in the US.  Justin Sun initially commented on the uncertainty surrounding Gensler’s potential fate as Trump is at the cusp of re-election.

“Ok. So, what is going to happen to Gensler?” Justin Sun posed.

Shortly afterward, he invited Gensler to join his own projects, stating, “I’m open to hiring Gensler if he can genuinely treat the crypto industry with sincerity.” Sun humorously acknowledged that Gensler, like anyone else, “has a family to support,” hinting at the personal stakes behind a high-profile dismissal.

Read more: Who Is Gary Gensler? Everything To Know About the SEC Chairman

If Gensler were to join one of Sun’s ventures, the opportunity could be either at Tron or in Liberland, where Sun serves as Prime Minister. Liberland, a self-proclaimed libertarian micronation founded in 2015, prides itself on the values of minimal government intervention, economic freedom, and blockchain-based governance.

As Sun remarked, he sees Liberland as an “inclusive” space where even individuals, even those once opposed to crypto — like Gensler — could find a place. Nevertheless, this is contingent on them approaching the industry with genuine intent.

In theory, Liberland’s ethos could offer Gensler a platform for redemption within the blockchain sector, should he choose to realign with more crypto-friendly policies. Sun’s invitation may imply a “reformed” version of Gensler, one who shifts from stringent regulation to a more supportive stance on cryptocurrency.

Genuine Invitation or Tongue-In-Cheek Dig at Gensler

However, there is a strong possibility that Sun’s offer is laced with satire, with Gensler perceived as crypto’s nemesis. Under his leadership, the SEC has targeted numerous blockchain projects for alleged securities violations, creating an adversarial atmosphere. For many in the crypto community, Gensler symbolizes an outdated approach to finance.

“The next SEC chair should withdraw all frivolous cases and issue an apology to the American people. It would not undo the damage done to the country, but it would start the process of restoring trust in the SEC as an institution,” Coinbase CEO Brian Armstrong said recently.

Meanwhile, talks continue to swirl about potential successors for the SEC chair role. Hester Peirce, a current SEC commissioner known for her more balanced stance on crypto regulation, is among the rumored candidates. Peirce’s policies have often favored innovation and clarity over the punitive measures characteristic of Gensler’s tenure.

Other potential successors include Dan Gallagher and former CFTC head Chris Giancarlo (“Crypto Dad”). The latter is popular for his support of Bitcoin futures and digital dollar initiatives.

Sun also congratulated Trump on his plan to “drain the swamp” at the SEC amid his imminent return to the White House.

“Congratulations to President Trump on becoming the new US President! We hope for crypto-friendly policies that promote industry growth. These changes can make America even greater. Looking forward to success in the crypto space under this leadership,” the Tron executive said.

Read more: 7 Best Tron Wallets for Storing TRX.

Whether the invitation was genuine or a tongue-in-cheek dig at Gensler is anybody’s guess. Nevertheless, Sun’s comments underline a shared dissatisfaction with the current US regulatory climate. It highlights the high-stakes dynamics between crypto leaders and US regulators.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Nearly $3 Billion in Bitcoin and Ethereum Options Expire Today Amid Mixed Market SentimentToday, approximately $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire, creating significant anticipation in the crypto market.Expiring crypto options often leads to notab
Author  Beincrypto
Yesterday 07: 49
Today, approximately $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire, creating significant anticipation in the crypto market.Expiring crypto options often leads to notab
placeholder
Is Bitcoin’s $100K Just the Beginning? Key Insights from Supply Distribution DataBitcoin has reached a landmark moment in its history earlier today, crossing the $100,000 price mark for the first time and cementing its position once again as the largest cryptocurrency by market
Author  NewsBTC
Yesterday 07: 08
Bitcoin has reached a landmark moment in its history earlier today, crossing the $100,000 price mark for the first time and cementing its position once again as the largest cryptocurrency by market
placeholder
Market Expert: Not Long On XRP? You’re ‘Disrespecting’ YourselfAnalysts continue to believe in the potential price surge of XRP, predicting that it is still feasible that the crypto will hit the $3 mark.
Author  NewsBTC
Yesterday 06: 01
Analysts continue to believe in the potential price surge of XRP, predicting that it is still feasible that the crypto will hit the $3 mark.
placeholder
Gold price rebounds swiftly from over one-week low; focus remains on US NFP reportBets for a less dovish Fed might cap gains for the XAU/USD ahead of the US NFP report.
Author  FXStreet
Yesterday 05: 54
Bets for a less dovish Fed might cap gains for the XAU/USD ahead of the US NFP report.
placeholder
GBP/USD eases from multi-week high, trades with negative bias below mid-1.2700sGBP/USD struggles to capitalize on its gains registered over the past three days.
Author  FXStreet
Yesterday 05: 52
GBP/USD struggles to capitalize on its gains registered over the past three days.
goTop
quote