The U.S. SEC appoints two executives with cryptocurrency backgrounds, policy direction may ease

ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission (SEC) announced four senior personnel appointments on June 13, with Jamie Selway set to become the Director of the Division of Trading and Markets starting June 17, and Brian Daly to take over as the Director of the Division of Investment Management on July 8. Both new officials have experience in the digital asset field, with Selway previously serving as the Head of Institutional Markets at a blockchain company, and Daly focusing on cryptocurrency and blockchain legal matters during his time at Akin Gump Strauss Hauer & Feld LLP.

This personnel adjustment is a continuation of SEC Chairman Paul Atkins' "crypto-friendly" policy since he took office in April. After taking office, Atkins rescinded the previous government's SAB 121 guidance that required banks to account for custodial crypto assets as liabilities, and held the first cryptocurrency regulatory roundtable in March.