Gary Gensler’s leadership at the US Securities and Exchange Commission (SEC) could be a “very productive period” for the crypto industry. This opinion was presented by SEC Commissioner Hester Pierce, reports The Block.
At the conference at the Official Forum on Monetary and Financial Institutions, she said she looked forward to working with Gensler to create a “well-articulated regulatory framework.”
Pearce said the new chairman is a fresh look at old topics.
On April 14, the US Senate approved President Joe Biden’s candidacy for the post of head of the SEC by Gary Gensler.
In March, then still a candidate for chairperson of the department, he spoke positively about blockchain, bitcoin and cryptocurrencies. He also called digital gold a “catalyst for change.”
The previous head of the SEC, Jay Clayton, left office on December 23, 2020. Under his leadership, regulated futures were launched on the basis of Bitcoin and Ethereum, but applications for the launch of exchange-traded funds based on the first cryptocurrency have not been approved.
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