Commissioner Allison Herren Lee is currently serving as SEC chairman.
The US Senate has set a date for a confirmation hearing on Gary Gensler’s candidacy as chairman of the US Securities and Exchange Commission (SEC). The Senate Banking, Housing and Urban Affairs Committee will meet on March 2. The hearings will be held in the format of a web conference.
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- In January 2021, US President-elect Joe Biden nominated Gensler to the post of SEC chairman. These responsibilities are currently performed by Commissioner Allison Herren Lee. The latter replaced Jay Clayton, who left his chair ahead of schedule at the end of 2020.
- Gensler is a seasoned official – he was one of the heads of the finance department of the investment bank Goldman Sachs, and from 2009 to 2014 he headed the US Commodity Futures Trading Commission (CFTC). In November last year, the specialist joined Biden’s transition team, where he dealt with the activities of financial institutions.
- Gensler must be well versed in cryptocurrency and blockchain technology – while serving as a professor at the MIT International Business School, he served as Senior Adviser to the MIT Media Lab’s Digital Currency Initiative.
- It was also revealed on Monday that former top manager of TD Ameritrade broker Sunaina Tuteya has been named Chief Innovation Officer of the Federal Reserve Bank of Richmond.
