Galaxy CEO Mike Novogratz believes Hester Peirce would be a great choice to lead the US SEC.
Peirce, also known as 'Crypto Mom', has been outspoken in her support of cryptocurrency.
Novogratz's endorsement of Peirce aligns with his push for a transparent regulatory structure for the crypto industry.
With Gary Gensler's tenure as SEC Chairman coming to an end, Peirce's possible run for the position suggests a potential shift in cryptocurrency regulation.