U.S. Securities and Exchange Commission Chairman Gary Gensler will remain at the help of the agency until 2026.
The Senate approved his full five-year term on Tuesday. On Apr. 14, they voted to confirm Gensler to fill Jay Clayton's term that will expire in June 2021.
Alex DovbnyaThe vote fell squarely along party lines, with 54 senators voting in favor of Gensler's full term. The list of the very few Republicans that sided with the new SEC chair includes Bitcoin advocate Cynthia Lummis.
Presently, there are three Democratic and two Republican SEC commissioners. The top financial regulator is prohibited by law to have more than three commissioners from the same party to avoid partisanship.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dan Burgin
Vladislav Sopov