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Gary Gensler Named as Joe Biden's SEC Chair Pick
The former CFTC chairman has taught courses about blockchain at MIT.
Updated Sep 14, 2021, 10:57 a.m. Published Jan 18, 2021, 3:16 p.m.
President-elect Joe Biden named Gary Gensler as his pick for chairman of the U.S. Securities and Exchange Commission (SEC) on Monday.
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- Gensler is the former chairman of the Commodity Futures Trading Commission (CFTC) and a Wall Street veteran who has closely studied the cryptocurrency field.
- Gensler has also been a part of Biden's transition team, overseeing financial policy work.
- Former SEC Chairman Jay Clayton left the role on Dec. 23. Elad Roisman was appointed acting SEC chairman by outgoing President Donald Trump for the remainder of his administration.
- Also on Monday, the Biden administration announced Rohit Chopra as the director of the Consumer Financial Protection Bureau. Chopra currently holds the commissioner position at the Federal Trade Commission.
- Chopra has publicly criticized libra, the Facebook-led cryptocurrency project that has since been renamed diem.
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- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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