He was approved by the U.S. Senate with a final tally of 53-45. Gensler did not face much opposition throughout the proceedings. Although Republicans made comments concerning the US capital markets as part of general objections to President Biden’s plans to include issues like climate change under the SEC’s purview, Gensler’s credentials were well acknowledged. Back in March, he received a 124-10 committee vote.
Speaking of his credentials, Gensler served as the chairman of the Commodity Futures Trading Commission during Obama’s era. As head of the agency, he spearheaded the implementation of the Dodd-Frank Act. Subsequently, he taught classes on blockchain technology and digital assets at MIT.
In the wake of his confirmation, the existing commissioners of the agency congratulated Gensler.
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Source: Cryptocurrency - investing.com
