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The U.S. SEC appoints two executives with backgrounds in Crypto Assets, policy direction may soften.
The U.S. Securities and Exchange Commission (SEC) announced four senior appointments on June 13, including Jamie Selway as director of trading and markets as of June 17 and Brian Daly as director of investment management on July 8. Both of the new officers have experience in the digital asset space, with Selway previously serving as Head of Institutional Marketing for Blockchain Companies, and Daly focusing on cryptocurrency and blockchain legal matters during his time at Akingamp Law Firm. This personnel adjustment is a continuation of SEC Chairman Paul Atkins' "crypto-friendly" policy since he took office in April. After taking office, Atkins has rescinded the previous government's requirement for banks to classify the custody of crypto assets as liabilities under SAB 121 guidelines and held the first roundtable meeting on cryptocurrency regulation in March.