AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
SEC appoints Selway to lead trading and markets division
ByAinvest
Wednesday, Jun 4, 2025 7:21 pm ET1min read
SEC appoints Selway to lead trading and markets division
The U.S. Securities and Exchange Commission (SEC) has appointed Gary Gensler, former SEC chairman, to lead the trading and markets division. This move follows the recent dismissal of the SEC lawsuit against Binance, signaling a shift in regulatory strategy [1].The appointment of Gensler, who served as the SEC chairman from 2021 to 2024, comes at a critical juncture for the crypto industry. His leadership is expected to bring a more balanced approach to regulatory oversight, balancing innovation and investor protection. Gensler's tenure was marked by a stringent stance on crypto firms, including aggressive enforcement actions against major platforms like Binance and Coinbase [1].
The dismissal of the SEC lawsuit against Binance, which was filed in 2023, highlights a significant change in the agency's approach. The case was dismissed with prejudice, meaning it cannot be refiled, marking a rare outcome in regulatory disputes of this scale. The SEC's decision to drop the lawsuit comes after Binance and its founder, Changpeng “CZ” Zhao, faced allegations of misleading investors, manipulating trading volumes, and failing to separate customer assets from company funds [1].
The dismissal of the Binance lawsuit coincides with Binance losing over 30% of its global trading volume between 2023 and April 2025. This significant drop in trading volume can be attributed to various factors, including regulatory uncertainty, market volatility, and the company's legal battles [1].
The appointment of Gensler to lead the trading and markets division is seen as a step towards fostering a more market-friendly regulatory environment. His experience and understanding of the crypto market are expected to guide the SEC in crafting policies that encourage innovation while maintaining investor protection. The crypto industry has been eagerly awaiting a more balanced regulatory approach, and Gensler's appointment is a step in that direction [1].
References:
[1] https://crypto.news/sec-binance-case-dismissed-binance-lawsuit-impact/
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet