Advertisement
AD

Main navigation

Crypto-Savvy SEC Chair Nominee Clears Senate Panel

Advertisement
Wed, 10/03/2021 - 19:18
Crypto-Savvy SEC Chair Nominee Clears Senate Panel
Cover image via en.wikipedia.org
Read U.TODAY on
Google News

Gary Gensler, President Joe Biden's pick to spearhead the U.S. Securities and Exchange Commission (SEC), has cleared a major hurdle, with the Senate Banking Committee voting to confirm his nomination.  

The panel voted 14-10 in favor of the nomination of the former chairman of the Commodity Futures Trading Commission (CFTC).

Advertisement

Pro-Bitcoin Wyoming Senator Cynthia Lummis also supported advancing Gensler's nomination because of his "commitment to financial innovation."

Related
SEC Strikes Back at XRP Holders by Moving to Dismiss Their Petition

Gensler will now have to face the full Senate for a final vote.
       
As reported by U.Today, the potential next SEC boss called cryptocurrencies a “catalyst for change” during his Senate confirmation hearing that took place on March 2.

At the same time, he also stressed the importance of protecting investors.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD