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The US Securities and Exchange Commission (SEC) has revealed several new appointments, including individuals with backgrounds in the cryptocurrency and blockchain sectors.
In a notice released on Friday, the SEC announced that Jamie Selway would assume the role of the agency’s director of trading and markets. Selway served as the global director of institutional markets at Blockchain.com from 2018 to 2019.
Brian Daly, a partner at Akin Gump Strauss Hauer and Feld LLP with experience in the crypto arena, will also join the commission, leading its investment management division.
“I’ve always respected and valued the SEC’s dedication to regulatory oversight while guiding clients on compliance and providing public feedback from the investment management perspective during agency rulemaking,” remarked Daly.
These staff changes come as legislators in the US Congress are deliberating on legislation to clarify the jurisdiction the SEC and Commodity Futures Trading Commission (CFTC) would have over digital assets. The CLARITY Act, currently under review in the House of Representatives, is anticipated to move towards a floor vote shortly.
Related: SEC Chair criticizes Gensler’s approach to crypto, advocates for self-custody
On Thursday, the SEC declared that it was “withdrawing certain notices of proposed rulemaking” that were published between March 2022 and November 2023, including several related to crypto.
The proposed regulations on digital assets might have broadened the SEC’s interpretation of “exchange” to encompass decentralized finance protocols and imposed stricter requirements for crypto custody.
Still lacking personnel at US financial regulators
Despite the US Senate cconfirming SEC Chair Paul Atkins to lead the regulator in April, the commission still has one unoccupied position as of June, with no official nominations from President Donald Trump yet. Commissioner Caroline Crenshaw, whose term concluded in June 2024, is anticipated to depart by 2026 — commissioners may continue in their roles for up to 18 months after the expiration of their terms.
At the CFTC leadership, there are three open positions following the exits of former chair Rostin Behnam and commissioners Christy Goldsmith Romero and Summer Mersinger. Lawmakers in the Senate are reviewing Trump’s nomination of former commissioner Brian Quintenz for the role of chair at the CFTC, with no additional selections to staff the agency as of Friday.
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