Former Blockchain Exec Joins SEC As Director Of Trading And Markets

The US Securities and Exchange Commission (SEC) has introduced a number of new hires, together with these with expertise within the cryptocurrency and blockchain trade.

In a Friday discover, the SEC stated Jamie Selway would be a part of because the company’s director of buying and selling and markets. Selway labored as the worldwide head of institutional markets for Blockchain.com from 2018 to 2019.

Brian Daly, a companion at Akin Gump Strauss Hauer and Feld LLP with expertise in crypto, may even be a part of the fee, heading its funding administration division.

“I’ve long respected and appreciated the SEC’s commitment to regulatory oversight while advising clients on compliance and providing public comment from the investment management point of view during agency rulemaking,” stated Daly. 

The workers appointments got here as lawmakers within the US Congress are contemplating laws to make clear the authority the SEC and Commodity Futures Trading Commission (CFTC) would have over digital property. The CLARITY Act, into consideration within the House of Representatives, is anticipated to go for a flooring vote quickly. 

Related: SEC Chair bashes Gensler’s method to crypto, defends self-custody

On Thursday, the SEC introduced that it was “withdrawing certain notices of proposed rulemaking” that have been issued between March 2022 and November 2023, together with some associated to crypto.

The proposed guidelines on digital property may have expanded the SEC’s definition of “exchange” to incorporate decentralized finance protocols and offered extra stringent necessities for custodying crypto.

Still understaffed at US monetary regulators

Though the US Senate confirmed SEC Chair Paul Atkins to guide the regulator in April, the fee nonetheless has one vacant seat as of June, with no official nominations but from President Donald Trump. Commissioner Caroline Crenshaw, whose time period led to June 2024, is anticipated to go away by 2026 — commissioners can proceed their roles for as much as 18 months after their phrases expire.

At the CFTC management, there have been three vacancies following the departures of former chair Rostin Behnam, and commissioners Christy Goldsmith Romero and Summer Mersinger. Lawmakers within the Senate are contemplating Trump’s nomination of former commissioner Brian Quintenz to chair the CFTC, with no different picks to workers the company as of Friday.

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