American academic and ex-investment banker Gary Gensler is set to appear before the Senate Committee on Banking, Housing and Urban Affairs on March 2 for his much-awaited confirmation hearing to become the next chairman of the U.S. Securities and Exchange Commission.
Gensler’s nomination is widely expected to be greenlit by lawmakers without partisan squabbling.
In his recently published opening testimony, Gensler doesn’t mention digital assets. However, he does allude to them by stating that markets are changing with technology. Gensler stresses that the SEC’s rules have to be adapted to them.
