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The Securities and Exchange Commission (SEC) announced several new employees, including those with experience in the cryptocurrency and blockchain industry.
Jamie Selway will join the agency’s director of trade and marketing, the Securities and Exchange Commission said. Selway served as global head of BlockChain.com institutional markets from 2018 to 2019.
Akin Gump Strauss Hauer and Feld LLP partner Brian Daly, who has experience in Crypto, will also join the committee to lead its investment management department.
“I have long respected and appreciated the SEC’s commitment to regulatory oversight while providing clients with compliance advice and providing public comments from an investment management perspective during agency rules,” Daley said.
Staff appointments are due to U.S. Congress members considering legislation to clarify the powers the SEC and the Commodity Futures Trading Commission (CFTC) will have over digital assets. The Clarity Act, considered in the House of Representatives, is expected to hold a floor vote soon.
Related: SEC Chairman slams Gensler’s encryption method, defending self-customer
On Thursday, the Securities and Exchange Commission (SEC) announced that it would “withdraw some proposed rulemaking notices issued between March 2022 and November 2023”, including some related to cryptocurrencies.
The proposed rules on digital assets may expand the SEC’s definition of “exchange” to include decentralized financial agreements and provide stricter requirements for custody encryption.
https://www.youtube.com/watch?v=lps4Oosign4
Still not in the U.S. financial regulator
Although the U.S. Senate confirmed that SEC Chairman Paul Atkins led the regulator in April, the committee still has a vacant seat and there is no official nomination for President Donald Trump. Commissioner Caroline Crenshaw’s term ended in June 2024 and is expected to leave by 2026 – the Commissioner can continue to hold positions for up to 18 months after the term expires.
At the CFTC leadership, former chairman Rostin Behnam and commissioners Christy Goldsmith Romero and Summer Mersinger had three vacancies. Senate members are considering Trump’s nomination for former Commissioner Brian Quintenz as CFTC chair, but as of Friday, there were no other options.
Magazine: Crypto wants to overthrow the bank and is now in a fight at Stablecoin