A former crypto director is tapped to serve as director of trade and markets at the US Securities and Exchange Commission (SEC).
Jamie Selway, a veteran Financial Services Executive, starts to play the role on 17 June according to a new press release from the regulator.
SEC chairman Paul Atkins says that Selway will help “to ensure that the regulations of the agency balance the costs and benefits.”
The SEC has adopted a more crypto-friendly attitude among Atkins, who has tried to distance the regulatory body of the controversial enforcement actions under the supervision of Gary Gender, the previous chairman.
Gensler launched legal fights against numerous crypto companies, including industrial giants Binance, Kraken, Coinbase, Ripple, Uniswap Labs and Consensys. Since Gensler resigned in January, many of those cases have been closed.
Atkins said last month that the “Legacy Rules and Regulations” of the SEC do not think about the new Use Cases of Blockchain technology.
“In order to make the United States the ‘Crypto Capital of the Planet’, as has in mind by President Trump, the Commission must keep the same pace with innovation and consideration whether legal changes are needed to accommodate effects on chains and other crypto-assets. Rules and regulations that are designed for off-chain effects can be de-compations and the chain effects can be de-compations and the chain effects can be de-compations and the chain effects and the chain effects and the chain effects and de-compatible and de-compatible and the compatic and de-compations and the compatic and de-chain effects growth in growth in growth.
An important priority of my chairmanship will be to develop a rational regulatory framework for crypto activ markets that set clear rules of the road for the issue, guardianship and trade of crypto assets, while they continue to discourage bad actors from breaking the law. “
Follow us on X, Facebook and Telegram
Don’t miss a beat – Subscribe to get e -mail notifications directly to your inbox
Check price promotion
Surf the Daily Hodl -Mix
Generated image: midjourney