Joe Biden was previously reported to have made the decision to nominate Gary Gensler to replace former SEC manager Jay Clayton who left for office in December 2020.
Gensler was in charge of the Commodity Futures Trading Commission (CFTC) during Barack Obama's administration, at which time he was responsible for empowering many of the new designations of the Dodd-Frank Deed for the 2008 financial crisis. digital and blockchain.
This means that the Gensler nominee is an individual with crypto expertise who will chair the SEC and simultaneously improve the mood of the crypto market.
The latest official announcement states that the Senate Office raffle levy is likely to vote for Gensler by the 14-10 draw. In January 2021, US President Joe Biden nominated Gensler to lead the SEC, following which the crypto market jumped by nearly 3%.
Gensler is known for his "friendly" attitude towards crypto assets. The price of bitcoin has broken down to $ 57,000 and the market share of BTC has overshadowed $ 1.05 trillion.
The crypto community hopes that Gensler's inauguration will benefit the entire ecosystem in the US for his innovative thinking.
