Gary Gensler is set to spend over five years at the helm of the SEC
U.S. Securities and Exchange Commission Chairman Gary Gensler will remain at the help of the agency until 2026.
The Senate approved his full five-year term on Tuesday. On Apr. 14, they voted to confirm Gensler to fill Jay Clayton’s term that will expire in June 2021.
The vote fellsquarely along party lines, with 54 senators voting in favor of Gensler’s full term. The list of the very few Republicans that sided with the new SEC chair includes Bitcoin advocate Cynthia Lummis.
Presently, there are three Democratic and two Republican SEC commissioners. The top financial regulator is prohibited by law to have more than three commissioners from the same party to avoid partisanship.
Original Source : u.today
Want to receive the latest stock and cryptocurrency news and investing ideas that can help you make money ?! Subscribe to our newsletter. Enter your email below and hit the subscribe button.
If you wish to support our website and help us improve you can do it by donation. You can donate crypto directly. Just click on the banner below:
Bitcoin 
Ethereum 
Tether 
XRP 
Cardano 
Dogecoin 
Polkadot 
Shiba Inu 
Litecoin 
Chainlink 
Bitcoin Cash 
Stellar 
VeChain