President-elect Joe Biden is expected to name cryptocurrency-savvy Wall Street vet Gary Gensler as the new chairman of the U.S. Securities and Exchange Commission (SEC), according to a Reuters report. He will replace acting SEC Chairman Elad Roisman.
Advertisement
Prior to that, Gensler, a former CFTC chair, was appointed to spearhead Biden's financial policy transition team back in November.
Thu, 01/07/2021 - 20:55
Ripple CEO Breaks Silence, Addressing Key SEC Accusations
Ethereum ETFs See Devastating Outflows of $465 Million
XRP to Receive +20% Boost? Shiba Inu (SHIB) $0.000015 Pump, Bitcoin's (BTC) $120,000 Recovery Starts Here
XRP $3 Comeback Journey Begins, Bitcoin Banned in China Again? Shiba Inu Stagnates: Crypto News Digest
CME: XRP and SOL Futures 'Spiked' in July
He will preside over the SEC's fight against blockchain company Ripple. The bad news for the San Francisco-based decacorn is that Gensler believes that there is a "strong case" for XRP being classified as a security, according to his 2018 speech at an MIT conference:
Advertisement
"Ripple is doing a lot to advance the value of XRP."
Dan Burgin
Vladislav Sopov
U.Today Editorial Team