Gary Gansler, a Washington and Wall Street veteran who has carefully examined the emerging area of cryptographic currency, will lead the financial policy transition team of future U.S. President-elect Joe Biden.
Former chairman of the Commodity Futures Trading Commission (CFTC), Gensler has been appointed to lead a group of analysis agencies for the Federal Reserve, the banking sector and securities regulators, Biden's campaign officially announced Tuesday after last week's announcement that onon was a contender.
As chairman of the CFTC, Gensler served as a key financial regulator for former President Barack Obama, leading the new derivatives rules after the 2008 financial crisis. He also worked in the Ministry of Finance under the Clinton administration.
More recently, he has also repeatedly testified before Congress about the cryptovoltaic and siege, opposing comparisons between cryptovoltaic and Ponzi schemes and stating that the Libra token, which has not yet been launched, meets security requirements under US law. At a MIT conference two years ago, he argued that there is a "strong argument" that XRP, a cryptovite closely linked to the Ripple startup, is a security. Gensler called Blockchain technology "catalyst for change" in an article for CoinDesk in 2019.
Gensler did not respond to the request for comments.
He was one of the 500 people named on Tuesday, when Biden-Harris' group announced the names of members of the agency verification teams that will assess the functions of federal agencies and ensure a smooth transition.
Of course, incumbent president Donald Trump challenged the election results and filed lawsuits in several states, seeking to discount votes over alleged irregularities, albeit with little evidence to date.
There are also several other policy experts on the Biden Review Team's list for financial regulators who have paid close attention to cryptovoltaics, blockbusters and related issues: