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MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman
https://news.bitcoin.com/mit-crypto-professor-gary-gensler-confirmed-as-new-sec-chairman/
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That is not necessarily a good thing. You need an expert to know how to tax and regulate new technology.

SEC Commission Hester Peirce is hopeful that with Gensler as chairman, the SEC can “build a good regulatory framework” suitable for the cryptocurrency market.

In the U.S., the opposing party typically grants great deference to an incoming President's political appointees (after all, he won the election). Not so, here. "The U.S. Senate voted 53-45 on Wednesday to confirm his nomination." Unlike many other Biden nominees, Gensler, a former Goldman Sachs executive, didn’t get much deference from Republicans. Gensler is a globalist and a socialist -- and he obviously knows that the U.S. must maximize tax revenues to achieve those goals.

“Based on his record and statements during the nomination process, I’m concerned he will cause the SEC to use its regulatory powers to advance a liberal social agenda focused on issues such as global warming, political spending disclosures, and racial inequality and diversity,” Sen. Patrick Toomey, R-Pa. and ranking Republican on the Senate Banking Committee, said during the debate over Gensler’s nomination.
https://www.investmentnews.com/republican-opposition-gensler-sec-chairman-205342
 
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