If appointed, his tenure at the SEC would likely be considerably different than Jay Clayton’s, whose legacy has been tainted by a considerable lack of regulatory certainty surrounding digital assets—much to the exasperation of the cryptocurrency innovators and investors, as well as some regulators like SEC Commissioner Hester “Crypto Mom” Peirce.
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MIT blockchain prof Gary Gensler to head SEC: Report
Citing two sources, Reuters is claiming that the Biden administration intends to appoint the former CFTC commissioner to head the Securities and Exchange Commission
An SEC chairman who understands and appreciates the potential of blockchain and cryptocurrencies would likely be a huge improvement over the recently departed SEC chairman Jay Clayton, who has been a staunch opponent of allowing bitcoin exchange traded funds, often citing rampant market manipulation.
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Valerie Szczepanik is moving on up at the SEC, becoming the first director of a standalone FinHub (Photo: NYU)SEC elevates stature of FinHub innovation unit
The Securities and Exchange Commission’s Strategic Hub for Innovation and Financial Technology is now a stand-alone division, giving newly minted director Valerie Szczepanik more influence
SEC Chairman Jay Clayton said elevating FinHub to a stand-alone office “furthers our commitment to facilitate the introduction of new technologies for the benefit of investors and the efficiency and resiliency of our markets.”
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U.S. election: How will Biden’s win affect Bitcoin?
Crypto experts say it doesn’t matter what the 77-year-old thinks about digital assets—instead, we should focus on who he appoints to key positions
he question now is where Biden’s ascension to the Oval Office leaves Bitcoin. Will the presumed Democratic president-elect adopt a less hostile attitude toward digital assets than Donald Trump, who publicly declared that he was “not a fan” of cryptocurrencies? And will his new administration pursue a central bank digital currency (CBDC) with greater urgency than the U.S. Treasury under Steven Mnuchin, who said a digital dollar wasn’t needed until 2025?
