Crypto buff Gary Gensler to be named SEC chair


Anonymous sources suggest that President-elect Joe Biden is expected to name Gary Gensler as chairman of the U.S. Securities and Exchange Commission (SEC). He will replace Trump’s SEC chair Jay Clayton ー a staunch critic of blockchain and cryptocurrencies.

Gensler, former Goldman Sachs executive, has been in charge of Biden’s financial policy transition team since November 2020. He currently teaches blockchain and digital assets at MIT.

“Blockchain can be a catalyst for change”

Having closely studied the cryptocurrency field, he’s been quite vocal about the significance of blockchain and crypto in the financial world. In 2018, Gensler was the keynote speaker at the 2018 Blockchain Economic Forum (BEF), which was hosted by LATOKEN.

At BEF, Gensler explained the economics of initial coin offerings, cryptocurrencies, and crypto exchanges. Although blockchain technology has various applications, he believes it can truly transform global finance for good.


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