Pro-Crypto SEC Commissioner to Step Down in January

AnalysisPro-Crypto SEC Commissioner to Step Down in January



Alex Dovbnya

Elad Roisman’s resignation will be effective by the end of January

Elad Roisman, a Republican member of the Securities and Exchange Commission, has announced that he is going to leave the agency by the end of next month.

In his statement, Roisman described the ability to serve as an SEC commissioner as “the greatest privilege” of his career:

It has been the utmost honor to work alongside my extraordinary SEC colleagues, who care deeply about investors and our markets.

Earlier this December, Roisman and “Crypto Mom” Hester Peirce issued a joint statement in which they criticized Chair Gary Gensler’s agenda. While describing it as “ambitious,” the two Republicans took issue with its content.

The statement touched upon Gensler’s approach to crypto regulations, claiming that the SEC head had failed to formulate clear rules that would allow investors and regulated entities to safely interact with cryptocurrencies, including the ones that are designated securities.

In July, Roisman and Peirce publicly opposed enforcement action against crypto firm Blotics. Their dissent was used by Ripple attorney Michael Kellogg to make an argument about the lack of clarity.

This statement by two sitting SEC commissioners makes it even more clear that during the time relevant to this case, members of the public did not have fair notice of what the law required.

Gensler has repeatedly called for greater oversight over the crypto industry, predicting that it would not survive without greater regulatory scrutiny.

Roisman was appointed by former President Donald Trump and was sworn in back in September 2018. As reported by U.Today, he became the agency’s acting chairman last December after the departure of his former boss, Jay Clayton. His appointment was celebrated within the cryptocurrency community because of the commissioner’s favorable comments regarding crypto and blockchain.

Roisman’s upcoming departure means that Peirce will be the only sitting Republican SEC commissioner.



Learn more

Latest news

XRP Price Analysis for February 8

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It...

Bernard Arnault company demands Kenz Beauty change its name

A small business owner has found herself embroiled in a legal battle with one of the world’s largest...

Carvana stock, heavily shorted, spikes as much as 27%

Carvana's (CVNA) stock was halted for volatility on Wednesday morning as it rose 27% before retreating.Shares of the...

Eight Tips For Increasing Engagement With Your Business’s Instagram

Though TikTok may be receiving a lot of press as of late, steadfast platforms like Instagram still reign...

Trust in Cryptocurrencies Collapses: Poll

Alex Dovbnya Trust in cryptocurrencies has taken a hit globally, declining by 30 percentage points on average across 17...

Tina Fey, David Simon call on MSNBC to end writer’s logjam

Unionized writers for all of MSNBC’s programs got support Wednesday from Hollywood heavyweights in their stalled battle for...

Must read

XRP Price Analysis for February 8

Disclaimer: The opinion expressed here is not investment...

Bernard Arnault company demands Kenz Beauty change its name

A small business owner has found herself embroiled...

Carvana stock, heavily shorted, spikes as much as 27%

Carvana's (CVNA) stock was halted for volatility on...

You might also likeRELATED
Recommended to you