Senate Confirms Gary Gensler As The Next SEC Chairman By DailyCoin – Investing.com

Senate Confirms Gary Gensler As The Next SEC Chairman By DailyCoin – Investing.com

Senate Confirms Gary Gensler As The Next SEC Chairman

The Biden administration has appointed Gary Gensler as its Securities and Exchange Commission chairman.

The renowned academic will hit the ground running amid regulating issues being dealt with by the Commission.

The SEC is set to make decisions targeting climate change and environmental issues.

What could be in store for and other digital assets with Gary Gensler in charge?

The US Senate confirmed Gary Gensler's nomination as the head of the SEC with a 53-45 vote this week. Gensler was initially nominated by Biden's administration on March 11, after a 14-10 vote by the Senate Committee on Banking, Housing, and Urban Development.

The 63-year-old administrator is the most prominent financial regulator the Biden administration has appointed so far. Many in the sector are excited about the appointment as the renowned financial expert has a track record of success.

His tenure technically terminates in June, but he will serve for the rest of the duration of the current Congress. A separate vote for his five-year term is likely to be called soon by Senate Democrats.

The former Goldman Sachs (NYSE:) executive is set to focus the Securities and Exchange Commission on climate change and the looming environmental crisis. This