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Home Latest News People Biden Confirms Gary Gensler Will Lead Financial Policy Transition Team

Biden Confirms Gary Gensler Will Lead Financial Policy Transition Team

Gary Gensler, an American public official, will lead the financial policy transition team for projected U.S. President-elect Joe Biden.

Joe Biden as a 46th President of the United States has begun assembling a team after his official acceptance speech.

Gary Gensler has volunteered to join President-elect Joe Biden’s team as a financial expert, According to a November. 10. announcement from the Biden-Harris Transition.

Gensler served as the 11th chairman of the Commodity Futures Trading Commission (CFTC) under President Barack Obama from May 26, 2009, to January 3, 2014. He was known as a strict regulator during his time as CFTC head. He also served in the Treasury Department during the Clinton administration.

At this time, Gensler is a senior advisor at the MIT Media Lab’s Digital Currency Initiative. He manages research on blockchain technology, digital currency, financial technology and public policy.

The new financial team lead has stated that cryptocurrencies including Bitcoin, need regulation to grow, claiming that investors should be protected in the event of market manipulation, according to cointelegraph.

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