Justin Sun Teases Job Offer for SEC’s Gary Gensler

Just Sun said that even if he approached the sector more open-mindedly and supportively, he would ‘think’ about whether employing Gensler would be worthwhile.

Tron founder Justin Sun has extended a public job offer to Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC).

Gensler’s invitation to work with Sun comes at a time when tensions between the SEC and the cryptocurrency industry are rising. Some in the sector are criticizing Gensler for his lack of regulatory action.

The proposal is unexpected, especially considering that U.S. President Donald Trump has discussed replacing Gensler if he wins the election.

Recently, Trump has criticized Gensler's approach, suggesting that his regulatory stance has stifled economic growth in the U.S. crypto sector.

Over the past few days, Trump's statements have sparked speculation within the crypto community about the SEC's next move and Gensler's fate.

Adding to the conversation, Sun has publicly invited Gary Gensler to join one of his ventures, either Tron or Liberland.

Justin Sun Teases Job Offer for SEC’s Gary Gensler

According to Sun, even if he approached the sector with a more open-minded and supportive attitude, he would ‘think’ about whether employing Gensler would be beneficial.

Some have interpreted his invitation as a humorous jab at Gensler, who is widely perceived as an adversary of the crypto industry.

However, Sun stated that Gary Gensler could end up in the crypto sector if he aligns himself with better policies. He highlights the self-proclaimed libertarian micronation Liberland, which Sun has announced as his base for blockchain innovation.

In his view, Liberland's minimal government intervention and pro-blockchain governance make it a suitable test case for Gensler's potential future in the industry.

Gensler's tenure at the SEC has been characterized by stringent regulatory actions, targeting multiple blockchain projects for alleged securities violations.

Many in the crypto industry perceive these measures as stifling innovation, with Gensler embodying an outdated financial approach.

Meanwhile, others view Justin Sun's offer as a facetious proposal, reflecting the strained relationship between the SEC and crypto pioneers.

Coinbase CEO Pushes for SEC Leadership Change

The crypto community has grown increasingly dissatisfied with the direction in which Gensler is leading the SEC, with many even suggesting a change in SEC policy and leadership.

Just last week, Coinbase CEO Brian Armstrong criticized Gary Gensler's approach. He stated that the next SEC chair should adopt a more friendly approach toward the crypto industry.

Among his arguments, he highlighted the need to drop regulatory cases, which, according to him, could help restore public trust in the SEC. As conversations about a potential SEC leadership change continue to unfold, several names have emerged as possible replacements.

Among them is the current SEC commissioner, Hester Peirce, who is known for her balanced stance on crypto regulation. In crypto circles, Peirce has gained prominence for her policies that prioritize innovation and clarity in regulation.

Other candidates include former Commodity Futures Trading Commission (CFTC) head Chris Giancarlo, who is also known as “Crypto Dad,” and Dan Gallagher. Giancarlo is a well-known crypto advocate who supports Bitcoin futures and the digital dollar.

However, each potential successor to Gary Gensler would bring a unique approach to charting the SEC's course.

Crypto Industry Pins Hopes on Trump-Led Policy Shift

Sun's public endorsement of Donald Trump's stance on crypto regulation has fueled hopes within the industry for more favorable policies.

Justin Sun congratulated Trump on his commitment to changing the SEC leadership, which he sees as an opportunity to advance the crypto sector in the U.S. He expressed optimism that Trump's administration would create a regulatory environment that encourages innovation and supports the industry's growth.

This sentiment aligns with broader expectations within the crypto community for a change in U.S. regulatory policies if Trump returns to office. Many view this potential shift as crucial for the U.S. to remain competitive in the global crypto market.

The industry anticipates that a new SEC chair could pave the way for growth and development, aligning U.S. policies with those of crypto-friendly countries.