MIT blockchain professor Gary Gensler will be Biden’s nominee as SEC Chair

Gary Gensler, 63, the former chairman of the Commodity Futures Trading Commission under the Obama administration (2009-2014) will be Biden’s nominee as the U.S. Securities and Exchange Commission (SEC) Chair, according to Reuters on Jan 13.

Gary Gensler, MIT blockchain professor

After resigning from the CFTC, Gary Gensler is a professor at Massachusetts Institute of Technology (MIT), teaching courses on digital assets and blockchain. If nominated, there is little doubt that a now-Democrat-controlled Senate would be willing to confirm him. Gensler would likely be the most crypto-informed person to lead the SEC.

In 2020, The US Securities and Exchange Commission filed a lawsuit against cryptocurrency platform Ripple, its CEO, and its chairman, for illegally selling unregistered securities worth $1.3 billion.

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