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Biden Names Gary Gensler As Head Of Financial Policy Transition Team

Emily Mason

Summary: President-elect Joe Biden's financial policy transition team will be led by Gary Gensler a Wall Street veteran who has closely studied cryptocurrencies. Gensler previously served as chairman of the Commodities Futures Trading Commission and has a long career in the financial industry. His role as lead of the financial policy transition team was confirmed on Tuesday ...

President-elect Joe Biden's financial policy transition team will be led by Gary Gensler a Wall Street veteran who has closely studied cryptocurrencies.

Gensler previously served as chairman of the Commodities Futures Trading Commission and has a long career in the financial industry. His role as lead of the financial policy transition team was confirmed on Tuesday by the Biden campaign.

Gensler has testified in Congress arguing against comparing cryptocurrencies with ponzi schemes and that Facebook's Libra coin constituted a security. In a 2019 op-ed for Coindesk Gensler referred to blockchain as a 'change catalyst.'

By Emily Mason

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