The SEC appoints two executives with encryption experience, signaling a regulatory-friendly approach.

On June 13, The Block reported that the U.S. Securities and Exchange Commission (SEC) announced four senior personnel appointments on Friday, including two officials with digital asset experience, further signaling a friendlier stance towards the encryption industry under SEC Chairman Paul Atkins. Starting June 17, Jamie Selway will serve as the head of the SEC’s Trading and Markets Division. Brian T. Daly will take over as head of the Investment Management Division on July 8. According to information released by the SEC, Selway recently served as a partner at Sophron Advisors, primarily providing capital market-related consulting services to clients. He has also advised several fintech companies and briefly served as the global head of institutional markets at Blockchain from 2018 to 2019.

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