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ARTICLE · 21 SEPTEMBER 2021

What To Expect From New SEC Chair Gary Gensler On Cryptocurrency

Kelley Drye & Warren LLP
Kelley Drye & Warren LLP
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Kelley Drye & Warren LLP

Kelley Drye & Warren LLP

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In this article, featured in the October issue of The Banking Law Journal, Kelley Drye's Carol Sherman explains that the new chair of the Securities and Exchange Commission is widely...

United StatesTechnology

In this article, the author explains that the new chair of the Securities and Exchange Commission is widely expected to be a friend to the cryptocurrency world.

In April 2021, the U.S. Senate confirmed Gary Gensler, President Biden's nominee, as the new chair of the Securities and Exchange Commission ("SEC"). The former banker was a staunch regulator as the Commodity Futures Trading Commission ("CFTC") chair under President Obama, and many expect his propensity for hardline rules to continue as the SEC chair.1

Many believe that Gensler will bring much needed, positive change to the digital asset industry in the United States. Unlike others in government roles, Gensler has devoted himself to understanding the technologies and economics surrounding cryptocurrencies. Before his appointment, Gensler taught classes on blockchain and cryptocurrencies as a professor at the MIT Sloan School of Management. His extensive background in economics, politics, and technology

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