The U.S. Securities and Exchange Commission (SEC) has announced four new appointments, including two specialists in digital assets.
New Appointments at SEC
The SEC announced the appointments of Jamie Selway and Brian T. Daly as heads of their respective divisions. Selway will take the role of Director of the Division of Trading and Markets starting June 17, while Daly will begin as Director of the Division of Investment Management on July 8.
Experts in Digital Assets
Jamie Selway previously worked as a partner at Sophron Advisors, advising on capital markets. He also served as the global head of institutional markets at a blockchain firm from 2018 to 2019. Brian Daly joined the SEC from the law firm Akin Gump Strauss Hauer & Feld LLP, where he was a partner in the investment management practice and possesses significant expertise in cryptocurrencies and blockchain technology.
Opinions on the Future of Cryptocurrencies at SEC
Daly previously spoke with the Financial Times about the withdrawal of SAB 121 guidance, which required digital assets to be presented as liabilities on banks' balance sheets. He stated that this practice "makes it impossible for responsible banks, brokerages and financial intermediaries to provide crypto custody services," emphasizing the importance of such services for financial institutions.
These appointments at the SEC indicate changes in the approach to cryptocurrency regulation, which may mark the beginning of a new era for digital assets in the U.S.
