According to the Wall Street Journal, US President-elected Joe Biden is considering working with Gary Gensler, chairman of the Commodity Futures Commission (CFTC) during the Obama term, to help control Wall Street.
Gensler is a name that is not opposed to crypto money, but rather known as 'Bitcoin friendly'. The 63-year-old politician also gave a lesson at MIT on how Bitcoin and blockchain can be used in finance. Although many currencies face strict legal scrutiny, Gensler said that Bitcoin should be "exempt", and in an article he wrote for CoinDesk last year, he described Bitcoin as a "change catalyst" despite being "open to fraud and manipulation". Moreover, in the same article, "Cryptocurrencies and blockchain technology have already made a real change and may continue to do so." also uses the expressions.
Gensler's addition to Biden's staff will be promising for pro-crypto legal regulations.
Gensler has a deep experience on Wall Street. Gensler, who served as Deputy Treasury Secretary under the Clinton administration, spent nearly 20 years with Goldman Sachs in the 80's and 90's prior to that. He was also the finance director of Hillary Clinton's presidential campaign in 2016.
It was known that Donald Trump was not in favor of Bitcoin. Trump linked Bitcoin with illegal activities in a statement last year. For now, it seems unclear what attitude Biden will take on crypto money.
Kaynak: Uzman Coin