President-elect Joe Biden’s reported pick of former Obama administration regulator Gary Gensler to be chairman of the Securities and Exchange Commission elicited cautious hope from cryptocurrency experts.
The pick was made public toward the end of Tuesday’s Real Clear video panel discussion about the future of cryptocurrency in the coming Biden Administration. U.S. Rep. Patrick McHenry, R-North Carolina, a ranking member of the House Financial Services Committee, said Gensler could prove to be good for the future of cryptocurrencies like Bitcoin.
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