Estimated reading time: 0 minutes, 25 seconds
The cryptocurrency market hit a $1.7 trillion market cap as the Senate Banking Committee gave its endorsement of Gary Gensler, President Joe Biden’s nominee to head the Securities and Exchange Commission. So reports Finance Magnates.
Similarly, the crypto market responded favorably in January when Gensler was initially nominated for the job. “Gensler is known for his soft stance on cryptocurrency assets. Earlier this month, Gensler said that he will work to promote innovation,” according to the article.