Acting chair of SEC named as Gary Gensler awaits confirmation
January 21, 2021, 2:42PM EST
1 min read
SEC commissioner Allison Herren Lee has been named acting chairwoman of the U.S. securities regulator, according to a statement from the agency released Thursday.
Lee, who became an SEC commissioner in mid-2019, will serve in an acting capacity as newly-inaugurated president Joe Biden's pick, Gary Gensler, awaits confirmation in the U.S. Senate.
“It’s an honor to continue my service on the Commission in this new role,” Lee said in a statement. “I have tremendous respect for my colleagues on the Commission and the exceptional staff across the agency, and look forward to working closely with them. Together we will continue the agency’s work of protecting investors and ensuring market integrity.”
Gensler, a former CFTC chairman, was officially nominated earlier this week. The role of SEC chair requires confirmation in the U.S. Senate, though it is unclear at this time when Gensler will begin that process.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.