1.18.2021 MIT blockchain professor Gary Gensler as head of SEC

short blog Jan 18, 2021

Biden's team just confirmed today that President-elect Joe Biden will nominate MIT blockchain professor Gary Gensler to lead the Securities and Exchange Commission. Having someone knowledgeable about the crypto space will help expedite cryptocurrency adoption. 

 

However, Gensler is not a crypto enthusiast, but he knows that crypto has the potential to solve many of the problems in today's payment systems. He recommended that the Facebook Libra should be regulated by the SEC, but ultimately, could help improve the current payment system while reducing costs. He was also chairman of the U.S. Commodity Futures Trading Commission from 2009-2014.

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