SEC Commissioner Roisman steps down two years ahead of schedule
January 21, 2022, 5:03PM EST
1 min read
Elad Roisman, a commissioner of the Securities and Exchange Commission, ended his term on Friday.
As The Block reported at the time, Roisman announced his departure in December, immediately before the holidays. His statement upon leaving was as brief as his initial announcement, noting only "I will always be grateful for the time I have been able to work alongside my fellow Commissioners and the thousands of dedicated SEC staff, who not only believe in this mission, but unceasingly demonstrate their commitment to it through action."
Originally a Trump appointee, Roisman began his term in 2018. It was a term originally set to last until 2023, though such turnovers are not unusual during handoffs between presidential administrations.
Still, that will leave the commission short one member, with Hester Peirce the sole remaining Republican. The Biden administration has yet to indicate its intended replacement, who will also be a Republican per commission tradition.
The administration has, however, faced slow going when it comes to its roster of appointees, and many major regulatory positions have remained vacant or occupied on an acting basis.
Today the always-on demands of online markets have to be matched with the ability to access opportunities instantly and with no limits. Historically correspondent banks would move large sums of money for those needing to transfer funds while creating bottlenecks of unnecessary friction.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
In this episode of The Scoop, StarkWare Co-Founders Uri Kolodny and Eli Ben-Sasson walk through StarkWare's recent fundraise and discuss how their firm is bringing affordable blockchain transactions to the masses.