February 27, 2024

Gary Gensler named SEC chairman

Gary Gensler named SEC chairman

Gary Gensler, who previously served as chairman of the Commodity Futures Trading Commission, was approvedBy the U.S. Senate to head the U.S. Securities and Exchange Commission (SEC).

At the hearings for the nomination of candidates forGensler made it clear to the Senate Banking Committee that he is going to support innovation, but at the same time will require compliance with all AML / KYC rules. Yesterday the Senate approved his candidacy for the role of head of the Commission.

Previously, Gensler has lectured on cryptocurrencies and blockchain at the Massachusetts Institute of Technology, and also served as head of the Futures Trading Commission (CFTC)

Last year, Gensler called digital gold a "catalyst for change" and highlighted the potential and prospects of cryptocurrency and blockchain technology for the financial sector.

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