The SEC has just announced the recruitment of a series of senior personnel, including many with experience in cryptocurrency and blockchain. Jamie Selway – former global director of the institutional markets at Blockchain.com – will take on the role of Director of Markets and Trading at the SEC. Brian Daly, a partner at the law firm Akin Gump specializing in the crypto field, will be in charge of the investment management sector of the commission.
This move comes as the U.S. Congress is considering the CLARITY Act to clarify the authority of the SEC and the Commodity Futures Trading Commission (CFTC) over digital assets.
Meanwhile, the SEC also announced the withdrawal of several regulatory proposals from 2022 to 2023, including those that expand the definition of “exchange” to cover DeFi and tighten the requirements for digital asset custody.
However, both the SEC and CFTC are still lacking senior personnel. The SEC currently has one commissioner position vacant, while the CFTC is missing three key positions. President Donald Trump is reportedly nominating former commissioner Brian Quintenz for the position of Chairman of the CFTC.
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