Gary Gensler was approved as chairman of SEC - Bits Media

The US Congress Senate officially approved Gary Hensler (Gary Gensler) As chairman of SEC. Hensler is known for his knowledge of the cryptocurrency industry and an understanding of the principles of technology.

Members of the upper house of the US Congress voted for the candidacy for The post of the new chairman of the US Securities and Exchange Commission (SEC). By the decision of most senators Gary Gensler, Former CFTC chairman, was approved as the new chairman of SEC. For the first time information about, that Hensler can lead SEC, appeared in January.

The final result of the vote of the Senate members was 53–45. Counteracting the candidacy of Hensler was limited to earlier hearings. In March, the Senate banking committee voted for the candidacy of Hensler with the result 14-10 votes, which opened the way for yesterday's confirmation of the candidate in the Senate.

Hensler was the chairman of the commissar for commodity futures (CFTC) during the reign of Obama. In this capacity, he headed the implementation of the Dodd-Frank Law, in particular, legislative restrictions in the Swap market. Subsequently, Hensler taught at the faculty of the Massachusetts Institute of Technology, where he led classes on digital assets and blockchain.

After the approval of the candidacy of Hensler, the current commissars SEC made a congratulatory statement:

“Hot congratulations to Gary Gensler on the occasion of his approval by the Senate for the post of chairman of the Commission on Securities and Exchanges. He will join the devoted to the collective, who tirelessly works every day on behalf of investors and our markets. We welcome his return to the public service and are looking forward to working together to carry out our vital mission. ".

Recall, that this week commissar SEC Esther Pierce (Hester Peirce) I presented an updated version of her proposal for regulatory "holidays" for cryptocurrency startups, reducing reporting requirements after ICO.