SEC appoints two experienced cryptocurrency professionals as executives, sending regulatory friendly signals

On June 13th, according to The Block, the US Securities and Exchange Commission (SEC) announced four senior personnel appointments on Friday, including two officials with experience in digital assets, further sending a signal that the SEC's Chairman Paul Atkins is more friendly to the cryptocurrency industry. Starting from June 17th, Jamie Selway will be appointed as the head of the SEC's Trading and Markets department. Brian T. Daly will take over as the head of the Investment Management Department on July 8th. According to the SEC announcement, Selway recently became a partner at Sophron Advisors, primarily providing capital market related consulting services to clients. He has also served as a consultant for multiple fintech companies and briefly served as the Global Institutional Market Director for Blockchain Corporation from 2018 to 2019.