Biden’s intention to appoint Gary Gensler to lead the financial policy transition team has been taken positively by the Crypto Market.
Many are hoping that Gensler can bring greater acceptance of Cryptocurrency into the US administration.
Gensler has a great background of being the former Goldman executive and chairman of the Commodity Futures Trading Commission.
He is also a professor at the MIT Sloan School of Management and he is the senior advisor to the director of MIT Media Lab.
He conducts research as well as teaches others about blockchain technology and digital currencies who even won the MIT Sloan Outstanding Teacher Award.
Gensler is one who knows cryptocurrency and blockchain well so getting someone like him into the US administration may just be the positive influence for cryptocurrency in future US policies.
We can easily see a bright future since Gensler is definitely a supporter of cryptocurrency.
This is definitely one of the positive news in the market that causes the rise of price in Bitcoin.