Gary Gensler Named The SEC's New Chairman
The US Senate approved #Gary #Gensler's #SEC #presidency after a vote held on Wednesday. Gensler will replace Jay Clayton, who came to the fore with the lawsuit he filed against #Ripple before leaving his post.
The Banking Committee of the Senate voted last month that Gensler became SEC chairman. Gensler's SEC presidency was accepted by 53 to 45 votes in today's senate vote.
"Our rules should change with technology"
The US Senate approved the appointment of Gensler by June 5th . It will be decided by a second vote whether the term of office of Gensler will be extended or not.
Speaking to the Banking Committee in March, Gensler stressed the importance of "investing safely, protecting people from fraud and manipulation" , saying that if he is the chairman of the SEC, he will work to " make markets more transparent and questionable" .
"Markets and technology are constantly changing , " says the name that stands above the developments in the field of technology. Our rules should change along with them. " said.
"Raised questions for investor safety"
One of the issues Gensler touched on when talking about investors' security was cryptocurrencies. In his speech last month ,
“While Bitcoin and cryptocurrencies have brought new perspectives on payment technology and financial inclusion issues, it has raised some questions that still need to be addressed from the perspective of investor safety.” said.