Today the incoming Biden administration confirmed that Gary Gensler is its pick to chair the Securities and Exchange Commission (SEC). The current MIT professor lectures on blockchain and digital currencies and is an advisor to the MIT Digital Currency Initiative.
As we previously wrote when it was rumored Gensler would be SEC Chair, the Commodity Futures Trading Commission (CFTC) former head has a track record of action and quickly introduced rules for derivatives after the 2008 financial crisis.
Combined with previous Congressional testimony on cryptocurrency and Facebook’s Diem (formerly Libra), he could significantly improve regulatory clarity for the sector.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
