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BREAKING: New Acting SEC Chair Named

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Thu, 01/21/2021 - 19:23
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Alex Dovbnya
SEC Commissioner Allison Herren Lee has been named as the agency's new acting chair
BREAKING: New Acting SEC Chair Named
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President Joe Biden has named Democrat Allison Herren Lee as the new acting chair of the U.S. Securities and Exchange Commission, according to a Jan. 21 press release

While commenting on the appointment, Chair Lee mentioned that the securities watchdog would continue its work of protecting investors:

I have tremendous respect for my colleagues on the Commission and the exceptional staff across the agency, and look forward to working closely with them. Together we will continue the agency’s work of protecting investors and ensuring market integrity.  

Lee has replaced Republican Elad Roisman who was appointed as the agency's interim chairman following the departure of Jay Clayton back in December.      

Biden's recent nomination of former CFTC chair Gary Gensler is subject to a future Senate confirmation.   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.