The US Securities and Exchange Commission (SEC) has announced several recent employees, including those with experience within the cryptocurrency and blockchain industry.
In a Friday announcement, the Sec said that Jamie Selway would enter the agency as a director of trade and markets. From 2018 to 2019, Selway worked as a worldwide director of the institutional markets for blockchain.com.
Brian Daly, a partner at Akin Gump Strauss Hauer and Feld LLP with experience in Crypto, may also join the Commission and lead his department for investment management.
“I even have long respected and appreciated the commitment of the SEC for the supervisory authority, while I counsel customers about compliance with compliance and offers public comments in the course of the rules of agencies,” said Daly.
The appointments of the staff got here as a legislator within the US Congress to make clear the authority that the SEC and Commodity Futures Trading Commission (CFTC) would have via digital assets. The clarity law, which is taken into account within the House of Representatives, will soon go to a ground vote.
On Thursday, the SEC announced that they “withdraw certain communications from the proposed provision of provisions”, which were issued between March 2022 and November 2023, including some in reference to crypto.
The proposed rules for digital assets would have expanded the definition of “Exchange” of the SEC by decentralized financing logs and enabled stricter requirements for the custody of crypto.
https://www.youtube.com/watch?v=lps4oosign4
Still understaffed in US finance supervisory authorities
Although the US Senate confirmed the SEC chairman Paul Atkins in April, the Commission will still have a free seat from June, without being the official nominations of President Donald Trump. Commissioner Caroline Clenshaw, whose term of office led to June 2024, will probably leave by 2026. The commissioners can proceed their roles as much as 18 months after their conditions.
In the CFTC leadership, after the departure of the previous chairwoman Rostin Behnam and the commissioner Christy Goldsmith Romero and Summer Mersinger, there have been three vacancies. The legislator within the Senate is considering the appointment of Trump by the previous commissioner Brian Quintenz to guide the CFTC without further selection to fill the agency from Friday.
