The US Senate Banking Committee voted to appoint financier Gary Gensler as chairman of the Securities and Exchange Commission (SEC).
Gensler’s candidacy was supported by 14 representatives of the profile committee, while 10 were opposed by the Senate. No date for voting has been set.
HAPPENING NOW → The Committee is holding a markup to consider the nominations of Rohit Chopra to lead the @CFPB and Gary Gensler to lead the SEC.
Tune in here ↓ https: //t.co/OtfvO73KrZ
– Senate Banking GOP (@BankingGOP) March 10, 2021
Committee chairman Sherrod Brown said Gensler’s leadership is critical to ensuring the SEC’s operations meet the growing needs of investors.
“The work of Gensler as chairman CFTC and as a Finance Ministry official gave him the experience and knowledge needed to become an effective chair of the Securities and Exchange Commission, ”the statement said.
Recall that 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 waged legal battles with companies.
Since December 25, Elad Roizman has been the acting chairman of the regulator.
On January 18, 2021, US President-elect Joe Biden nominated Gensler to the post of SEC chairman. On February 3, his candidacy was sent to the Senate for approval.
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