Gary Gensler, chairman of the US Securities and Exchange Commission, will remain in charge of the institution until 2026.
The Senate approved the entire five-year term on Tuesday. On April 14, they voted for Gensler to replace Jay Clayton, which ends in June 2021.
54 senators voted in favor of Gensler’s entire term of office.
There are currently three Democrats and two Republican SEC commissioners. It is legally forbidden for the top financial regulator to have more than three commissioners from the same party to avoid partisanship.
The crypto field welcomes the fact that Lenses will start its work and expects it to bring clarity to the field before it.