SEC selects four new officials with crypto experience
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The U.S. Securities and Exchange Commission announced four senior appointments on Friday, including two officials with experience in crypto. The initiative signals a friendlier approach to digital assets by the Commission under Chairman Paul Atkins. According to the SEC, Jamie Selway will take over the role of Director of the Division of Trading and Markets as of June 17. Effective June 8, Brian T. Daly will assume the role of Director of the Division of Investment. SEC eyes crypto veterans for positions This is a really big deal for the regulated ‘Blockchain’ sector. @SECGov: Names Jamie Selway (@JSelway3) as Director of Trading & Markets Many issues related to ‘Crypto’ are the concern of @FINRA or @CFTC Great appointment! https://t.co/24lfnOavvL — Dave Hendricks (@davehendricks) June 13, 2025 Daly joins the agency from Akin Gump Strauss Hauer & Feld LLP, where he was a partner in the company’s investment management practice. According to his official biography, he has experience in digital assets, cryptocurrencies, blockchain, and traditional financial services, including hedge and credit funds. The Financial Times previously quoted Daly regarding the SEC’s decision to reverse a Biden administration guidance known as SAB 121, which called for banks to treat digital assets held for customers as liabilities on balance sheets. He argued that the old rule allowed all the responsible bank broker-dealers and financial intermediaries the sector relies on to be crypto custodians. He also noted that custody services were a predicate to everything for financial institutions when offering crypto services to customers. Daly said he was optimistic about the new SEC day and eager to work with Chairman Atkins and other colleagues. He aims to ensure regulatory compliance with investment advisers and fund managers while tailoring rule-making within the SEC’s statutory authority. The SEC acknowledged that Selway previously served as a partner…
Filed under: News - @ June 13, 2025 10:23 pm