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Blog

Gary Gensler Confirmed as Joe Biden’s SEC Chair Pick

Gary Gensler has taught courses about blockchain at MIT.

Gary Gensler Confirmed as Joe Biden’s SEC Chair Pick

President-elect Joe Biden named Gary Gensler as his pick for chairman of the U.S. Securities and Exchange Commission (SEC) on Monday.

  • Gensler is the former chairman of the Commodity Futures Trading Commission (CFTC), and a Wall Street veteran who has closely studied the cryptocurrency field.
  • Gensler has also been a part of Biden’s transition team, overseeing financial policy work.
  • Former SEC chairman Jay Clayton left the role on Dec. 23, with Elad Roisman being appointed acting SEC chairman by outgoing President Donald Trump for the remainder of his administration.
  • Also on Monday, the Biden administration announced Rohit Chopra as the director of the Consumer Financial Protection Bureau, who currently holds the commissioner position at the Federal Trade Commission.
  • Chopra has publicly criticized Libra, the Facebook-led cryptocurrency project which has since been renamed Diem.
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