Hester Peirce sworn in as SEC commissioner for second term
August 17, 2020, 11:38AM EDT
1 min read
Hester Peirce, the crypto-friendly commissioner of the Securities and Exchange Commission (SEC), was sworn into her second term on Monday.
The SEC announced the move, which came after the U.S. Senate confirmed Peirce alongside commissioner Caroline Crenshaw, on August 6. Peirce was formally nominated to serve a second term — which lasts until June 2025 — in June by U.S. President Donald Trump.
"I am honored to be able to continue to serve our investors and protect the integrity and efficacy of our markets together with the SEC staff and my fellow commissioners, including my newest colleague, Commissioner Crenshaw," Peirce said in a statement.
"As a Commissioner, Hester has been a tremendous advocate for our markets and investors, and I know she will continue to be a strong voice for them in the years to come," SEC chairman Jay Clayton was quoted as saying.
Gemini Galactic, an affiliate of cryptocurrency exchange Gemini, received approval from the Financial Industry Regulatory Authority (FINRA) to operate a broker-dealer registered with the SEC and is now a FINRA member.