Elad Roizman becomes the new chairman of the SEC

Today Elad Roisman has become the head of the US Securities and Exchange Commission. Tweeted by Commissioner Hester Pierce

Roizman will remain in office until January 20, 2021, when President-elect Joe Biden either renews his term or appoints his own candidate.

Recall that his predecessor Jay Clayton, who headed the department since May 2017, worked his last day on Wednesday. He was supposed to work until June 2021, but left the post on December 24. Just before the holidays in the USA.

More about the new chairman of the SEC

Roizman has been with the agency since the fall of 2018. He was appointed to this post by Donald Trump. The official has established himself as one of the most crypto-friendly SEC commissioners.

In his interviews, he has repeatedly stated that the cryptosphere requires a fair and most transparent approach. And its regulation must correspond to the new economic realities.

SEC Challenges for the Near Future

Roisman got a difficult task. He came to his post at a critical moment for Ripple. One day before the change of power, the SEC filed a lawsuit against the creators of the Ripple cryptocurrency.

The essence of the charge is the issuance of XRP tokens for $ 1.3 billion, which have all the characteristics of securities. This hit the cryptocurrency hard. Many exchanges have delisted XRP. Its cost tends to zero.

We are preparing a great article with data on the topic, do not miss it!