Recent speculation regarding Securities and Exchange Commission (SEC) Chairman Gary Gensler’s potential nomination as Treasury Secretary under a hypothetical Kamala Harris administration has been firmly dismissed. Caitlin Long, CEO of Custodia Bank, addressed the rumors on social media, stating that multiple Democratic contacts had clarified that the claim is false.
Long remarked, “OK, multiple Dems contacted me to say the ‘Gensler as Treasury Secretary’ rumor is false. One thinks the source of the rumor is Gensler himself — (thinks he planted it just to mess with all of us…that sounds about right TBH).”
The speculation began when various senior Senate staffers and top Republicans indicated that if Harris were to win the presidential election, she might nominate Gensler for the Treasury Secretary position. This theory was also bolstered by Katie Biber, CLO of crypto investment firm Paradigm, who suggested that a “Gensler plan” could be in place to secure a Democratic Commission majority in 2025. Under this plan, Gensler would potentially remain in a role until a new president, like Donald Trump, could be compelled to remove him.
Despite these theories, no public indication from Gensler or Harris had confirmed such a nomination. The recent denial by Caitlin Long casts significant doubt on the validity of these rumors.
