SEC Appoints Jamie Selway Director of Trading and Markets Division

The US Securities and Exchange Commission (SEC) has announced the appointment of Jamie Selway as the new director of its Trading and Markets division, effective June 17. Selway, who previously served as the global head of institutional markets at Blockchain.com from 2018 to 2019, brings a wealth of experience in the cryptocurrency industry to his new role. His appointment comes at a time when the SEC is increasingly focusing on the regulation of digital assets and the broader financial markets.

Selway's career in the financial sector is marked by significant achievements. He has also served as the chair of Skew’s board of directors, a company that provides data visualization and analytics for crypto markets. Skew was acquired by Coinbase Global Inc. in 2021, further solidifying Selway's ties to the crypto industry. His expertise in this area is expected to be invaluable as the SEC continues to navigate the complexities of regulating digital assets.

The SEC's decision to appoint Selway as the director of the Trading and Markets division is part of a broader effort to enhance the agency's oversight of major securities market participants. This division is responsible for regulating key aspects of the securities markets, including the activities of broker-dealers, exchanges, and other market intermediaries. Selway's appointment is seen as a strategic move to bring in someone with a deep understanding of the evolving landscape of financial markets, particularly in the context of digital assets.

Selway's background in the crypto industry is particularly noteworthy given the SEC's recent efforts to engage more constructively with cryptocurrency companies. Under the leadership of SEC Chair Paul Atkins, the agency has taken a more friendly approach toward the industry, recognizing the potential benefits of digital assets while also addressing the regulatory challenges they present. Selway's appointment is expected to further this approach, as he brings a unique perspective and expertise to the role.

The appointment of Selway is one of several recent hires by the SEC, reflecting the agency's commitment to strengthening its leadership and expertise in various divisions. The SEC has also named Brian Daly, a lawyer from Akin Gump Strauss Hauer & Feld, to lead its Division of Investment Management. These appointments are part of a broader effort to enhance the agency's regulatory capabilities and ensure that it remains at the forefront of financial market oversight.

In summary, the appointment of Jamie Selway as the director of the Trading and Markets division at the SEC is a significant development in the agency's efforts to enhance its regulatory capabilities. Selway's extensive experience in the crypto industry and his leadership roles at Blockchain.com and Skew make him a valuable addition to the SEC's team. His appointment is part of a broader effort by the agency to strengthen its oversight of the financial markets and ensure that it remains at the forefront of regulatory developments.