Pro-Crypto Elad Roisman Replaces Jay Clayton as Interim SEC Chairman

President-elect Joe Biden will be picking the permanent successor to Cayton who left the agency on Wednesday.

Pro-crypto Elad Roisman has been appointed the new SEC Chairman after former Chairman Jay Clayton announced on Wednesday that it was his last day.

“Congratulations, Chairman Roisman! I look forward to your leadership of the SEC,” is how ‘Crypto Mom’ Hester Peirce announced the new appointment.

Roisman was appointed as an SEC commissioner in Sept. 2018 by President Donald Trump.

At the time of his appointment, Roisman had said at a Senate Banking Committee hearing that the SEC “must examine and re-examine its rules, regulations, and guidelines to ensure that they are still working as intended to accomplish the SEC's mission,” as recently manifested in the area of “new investments and technologies such as initial coin offerings and blockchain.”

“He's pro-crypto, so bitcoin ETF chances much higher now..” said Eric Balchunas, a senior ETF analyst for Bloomberg Intelligence, in a now-deleted tweet.

However, President-elect Joe Biden will be picking the permanent successor to Cayton. Biden will be sworn in as US President in less than a month on January 20.

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