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SEC Chairman Gary Gensler Confirmed for Five-Year Term

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Wed, 04/21/2021 - 06:01
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Alex Dovbnya
Gary Gensler is set to spend over five years at the helm of the SEC
 SEC Chairman Gary Gensler Confirmed for Five-Year Term
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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. 

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The 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.       

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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.