The U.S. Securities and Exchange Commission (SEC) is attracting attention by successively recruiting personnel with careers in cryptocurrency and blockchain industries to key positions. This personnel change is generating subtle tension in the cryptocurrency industry, along with expectations that the SEC's regulatory policy direction may change.
On the 21st (local time), the SEC officially announced the appointment of Jamie Selway as the Director of Trading and Markets. Selway worked as the Global Head of Institutional Investor Market at Blockchain.com from 2018 to 2019 and is a person with a high practical understanding of the cryptocurrency market.
Brian Daly has been named to another key position. A partner at one of the top law firms, Akin Gump Strauss Hauer and Feld LLP, he will take on the role of Director of the Investment Management Division. Daly has extensive advisory experience with various digital assets, including cryptocurrencies, and is expected to play a crucial role in the SEC's future regulatory direction for investment products and funds.
In a statement, Daly said, "I have long expressed deep respect and gratitude for the SEC's regulatory oversight" and "I want to make good use of my experience providing compliance advice and public opinions from an investment management perspective at the SEC."
This personnel change raises expectations that with cryptocurrency and blockchain experts positioned within the regulatory authority, the SEC's policies in key areas such as ICO, DeFi, and cryptocurrency ETFs may become more sophisticated and realistic. At the same time, it is drawing interest in how the U.S. financial regulatory framework will be reorganized within the next six months, especially in a situation where the possibility of Trump's re-election is being discussed.
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