Joe Biden to name former CFTC chair Gary Gensler as SEC chair, sources say

Gary Gensler, the former chair of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014, is reportedly expected to be named as chairman of the Securities and Exchange Commission (SEC) by President-elect Joe Biden in coming days.

Gensler was added to Biden's transition team for financial industry oversight in November shortly after the U.S. presidential election. 

Gensler did not respond to a request for comment. A spokesperson for Biden did not immediately respond to a request for comment.

If nominated and confirmed, Gensler will take charge of an agency that is at the forefront of the U.S. government's action on the crypto and blockchain front. Gensler would likely play a dominant role in any consideration of a bitcoin ETF.