According to SEC Commissioner Esther Pearce, Gary Gensler, approved as chairman of the US Securities and Exchange Commission, may change the department’s attitude towards cryptocurrencies to a more friendly one.
During the Forum for Monetary and Financial Institutions, Hester Pierce, who is very friendly towards cryptocurrencies, said she was waiting for “extremely productive years” from the SEC. In her opinion, the activities of the newly appointed chairman of the SEC Gary Gensler (Gary Gensler) can help expand the adoption of cryptocurrencies in the United States.
Until now, the SEC has taken a wait and see attitude towards digital assets. However, Gensler knows a lot more about blockchain and cryptocurrencies than most American officials. He took a blockchain course at the Massachusetts Institute of Technology.
“I think he will be very serious about protecting investors, however, this is how the SEC chairman should work. But I think he understands the value of a well-designed regulatory environment. And so I look forward to working with him on this issue, ”said Pierce.
The SEC Commissioner believes that the new head of the department could change the SEC’s view of tradable exchange-traded funds (ETFs) for bitcoin. At the moment, the department has more than five applications pending, but the SEC is still hesitant to approve such an investment product. VanEck recently postponed a decision on its application. Moreover, in Canada, such funds are launched quite massively.