Gary Gensler has been recently approved by the United States Senate to lead the Securities and Exchange Commission, SEC, which came on the same day of Coinbase listing. Coinbase was to list on NASDAQ on April 14, and on the same day, Gary Gensler is appointed to lead the commission. Gary Gensler to Lead The SEC, US Senate Approves Well, now we know that the listing of Coimnbase on NASDAQ is not the only big thing that is happening this week. A well-known face in the crypto industry is going to take charge of the Securities and Exchange Commission of the United States. This decision has been approved by the United States Senate. Gensler has previously given lectures on Bitcoin and Blockchain technology at the Massachusetts Institute of Technology, MIT. On Wednesday, the decision of the Senate was passed by a vote count of 53-45. In addition to this, it has also been considered that Gensler is familiar with the crypto industry and the SEC requires a Chairman who has enough knowledge about the crypto industry to deal with it. Apart from giving lectures on Blockchain and Money at MIT, Gary also wrote an op-ed for CoinDesk in the month of December of the year 2020. Bitcoin has been described as a catalyst for change in the op-ed penned by Gary Gensler but in addition to this, he also observed how the cryptocurrency is prone to manipulation and threats. Coinbase Listing And Gensler Leading The Commission The crypto industry has significantly high hopes from Gary Gensler as he has a notable background in the industry. In a recent revelation by the Former White House Communications Director and Co-Founder of Skybridge Capital, Anthony Scaramucci, there is a chance that the United States can see a Bitcoin ETF within a year. In addition to this, Scaramucci said: “I’m hoping that with the introduction of Gary Gensler now into the regulatory rubric, and my understanding of where he’s coming from, although I don’t know it personally, is that possibly we can get an ETF in place by the end of the year.”
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