President Biden is preparing to announce picks for SEC commissioners: Report - BitcoinEthereumNews.com
United States President Joe Biden is reportedly planing to nominate two commissioners with different political party affiliations to the Securities and Exchange Commission. According to a Wednesday report from the Wall Street Journal, Biden is kung isasaalang-alang Democrat Jaime Lizárraga, a staffer for House Speaker Nancy Pelosi, and Republican Mark Uyeda, counsel for the Senate Banking Committee on securities and capital markets, to fill seats left behind by SEC commissioners Allison Lee and Elad Roisman, respectively. Roisman left the regulatory body at the end of January, while Lee is expected to depart when her term expires in June. Lizárraga worked on Pelosis staff while legislation was prepared to handle the financial crisis in 2008, and was part of efforts behind the Dodd-Frank Wall Street Reform and Consumer Protection Act, which went into effect in 2010. Uyeda is a staff member for the SEC who has served as counsel on the Senate Banking Committee since January 2021. As one of the top financial regulators in the United States, the makeup of the SEC leadership could have an impact on how the government handles the framework on crypto and blockchain. Hester Pierce, the SEC commissioner known to many as “Crypto Mom,” has been a major