SEC Commissioner Hester Peirce says Gary Gensler’s leadership could be a very productive period for the crypto industry

Gary Gensler’s leadership at the U.S. Securities and Exchange Commission (SEC) could mark a ‘very productive period’ for the crypto industry. This view was presented by SEC Commissioner Hester Peirce, according to The Block.

At a conference at the Official Forum on Monetary and Financial Institutions, she said she looks forward to the opportunity to work with Gensler on creating a ‘clearly formulated regulatory framework’.

Peirce said the new chair brings a fresh perspective on long-standing issues.

On April 14, the U.S. Senate approved the nomination of Gary Gensler, nominated by President Joe Biden, to head the SEC.

In March, the then-nominee for the agency’s chair spoke positively about blockchain, Bitcoin and cryptocurrencies. He also described digital gold as ‘a catalyst for change’.

The former SEC chairman Jay Clayton left the post on December 23, 2020. Under his tenure, regulated futures based on Bitcoin and Ethereum were launched, but applications to launch exchange-traded funds based on the first cryptocurrency have not been approved.

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