On January 18, US President-elect Joe Biden appointed financier Gary Gensler as chairman of the Securities and Exchange Commission (SEC).
From 2009 to 2014, Gary Gensler served as Chairman of the US Commodity Futures Trading Commission (CFTC), after which he spearheaded the reform of benchmark interest rates under the Obama-Biden administration.
Prior to his public service, Gensler worked in M&A at Goldman Sachs and was responsible for the company’s international operations.
Gensler is currently Professor of Global Economics and Management Practice at the Sloan School of Management at MIT, Co-Director of Fintech @ CSAIL and Senior Advisor at the MIT Digital Currency Initiative. Explores artificial intelligence, blockchain technology and new financial technologies.
In the past, he has argued against comparing cryptocurrencies to the Ponzi scheme. In 2018, the financier stated that trading Ethereum and Ripple could violate US laws.
Recall, on December 23, 2020, Jay Clayton left the post of SEC chairman. Under his leadership, the commission was not friendly to the cryptoindustry, refused to register new products, and pursued litigation with companies.
Since December 25, Elad Roizman has been the interim chairman of the SEC.
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