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Gary Gensler, a Washington and Wall Street veteran who has studied the budding field of cryptocurrencies closely, will lead the financial policy transition team for alleged US President Joe Biden.
Former chairman of the Commodity Futures Trading Commission (CFTC), Gensler was chosen to lead the agency’s review team for the Federal Reserve, banking and securities regulators, Biden’s campaign formally announced Tuesday, at following up on reports from last week that he was a contender.
As president of the CFTC, Gensler was a key financial regulator for former President Barack Obama, spearheading new derivatives rules after the 2008 financial crisis. He also served in the Treasury Department during the Clinton administration. .
Gensler did not return a request for comment.
He was one of 500 people named on Tuesday when the Biden-Harris transition team announced the names of the agency’s review team members who will evaluate the function of federal agencies and help ensure a smooth transition.
To be sure, incumbent President Donald Trump has contested the election results and filed legal action in a handful of states trying to get discounted votes due to alleged irregularities, albeit with little evidence so far.
Also on the list for Biden’s review team for financial regulators are several other policy experts who have paid particular attention to cryptocurrency, blockchain and related issues:
