"Deregulation of virtual currency"...Touching the new Securities and Exchange Commission Chairman

The cryptocurrency industry, which has poured more than $100 million in political funds into President-elect Donald Trump, who took over as the "virtual currency president" in the U.S. presidential election, is paying keen attention to the reorganization of the Securities and Exchange Commission and the SEC.

The industry expects a cryptocurrency-friendly figure to become the head of the SEC instead of Chairman Gary Gensler, who pushed for a punishment-oriented virtual currency policy, as Trump announced his cryptocurrency-friendly pledge.

Candidates include Dan Gallagher, chief legal officer of Robinhood, a cryptocurrency trading platform, and Chris Giancarlo, former chairman of the Commodity Futures Trading Commission, who saw the future of cryptocurrency positively.

Also on the shortlist was SEC Commissioner Hest Pearce, who clashed with Gensler, who wants to regulate the virtual currency industry, and was recommended by Coinbase CEO Brian Armstrong, the largest U.S. cryptocurrency exchange.

Virtual Currency Ripple CEO Brad Garlinghouse reportedly recommended Brian Brooks, a former CEO of the U.S. unit of Binance, the world's largest cryptocurrency exchange, and a former CEO of a Bitcoin mining company, as chairman of the SEC.