Recently, Biden is preparing to appoint Gary Gensler as the head of the SEC. Gary Gensler was the chairman of the U.S. Commodity Futures Trading Commission (CFTC), led the Obama administration's reform of the $400 trillion market, served as the Treasury Department's undersecretary for domestic finance, and was an assistant secretary of the Treasury during the Clinton administration.
Gary Gensler's appointment has drawn significant attention from the blockchain industry and the digital currency industry because of his familiarity and aggressive approach to the crypto space. Previously, regulatory issues have been one of the important reasons for the development of the industry. If Gary Gensler is successfully elected as SEC Chairman, the blockchain and digital currency securities market may usher in new opportunities for development, which will be beneficial to the U.S. crypto asset regulation process and the blockchain market as a whole.
Block.one CEO Brendan Blumer tweeted that.
MIT #blockchain professor Gary Gensler to lead the SEC underscores the imminence of blockchain’s widespread proliferation. Great pick @JoeBiden! Regulators that embrace technology and bridge the gap between innovation and public policy will do good for the USA and the world.
Yes, I am very bullish. Gary is balanced and credible, and I think he will do a good job bridging the past with the future by providing clarity and enabling progress within digestible rule sets. Regulatory uncertainty + policy by enforcement is a death knell to innovation.
Look for Gary Gensler to bring change to the EOS ecosystem and the industry as a whole Keep watching EOS Go, and we'll bring you more news on Gary's appointment to the SEC.