The Securities and Exchange Commission (SEC) of the United States has announced several new hires, including those with experience in the cryptocurrency industry and blockchain.
In a Friday opinion, the SEC said Jamie Selway would join as a director of trading and agency markets. Selway worked as the global Blockchain.com institutional market manager from 2018 to 2019.
Brian Daly, partner at Akin Gump Strauss Hauer and Feld LLP with experience in the crypto, will also join the Commission, at the head of its investment management division.
“I have long respected and appreciated the commitment of the SEC to regulatory surveillance while advising customers on compliance and providing public comments from the point of view of investment management during agency regulations,” said Daly.
Staff appointments have occurred while legislators of the US Congress are considering legislation to clarify the authority that the SEC and goods commission (CFTC) would have on digital assets. The Clarity Act, in consideration in the House of Representatives, should soon go to a ground vote.
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On Thursday, the SEC announced that it “withdraws certain opinions of proposal for regulation” which were published between March 2022 and November 2023, some of which linked to the crypto.
The rules proposed on digital assets could have expanded the definition of the “exchange” of the dry to include decentralized financing protocols and provide more strict requirements for the daycare crypto.
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Still in an infection to American financial regulators
Although the American Senate confirmed the president of the SEC, Paul Atkins, to lead the regulator in April, the commission still has a vacant seat in June, without any official candidate of President Donald Trump. Commissioner Caroline Crenshaw, whose mandate ended in June 2024, should leave by 2026 – the commissioners can continue their roles up to 18 months after the expiration of their conditions.
At the management of the CFTC, there were three vacant posts after the departures of former President Rostin Behnam and the commissioners Christy Goldsmith Romero and Summer Mersinger. Senate legislators are considering the appointment by Trump of former Commissioner Brian Quintenz to preside over the CFTC, without other choice to provide the agency on Friday.
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