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There is speculation that Chris Brummer, Georgetown University law professor and 90s hip hop fan, will replace Christopher Giancarlo as chair of the Commodity Futures Trading Commission (CFTC).

Like Gensler, Brummer is deeply entrenched in the world of blockchain. He wrote a book about legal perspectives on crypto assets, and has spoken of the need to pull domestic approaches to cryptocurrency into alignment to create "harmonized global regulations."

Brummer is also an advisor to the Digital Dollar Foundation, which suggests he is aware of the benefits of crypto innovation and will bring a forward-looking perspective to regulation.

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