SEC Adds Elad Roisman As Its Fifth Commissionerbr>
Elad Roisman has been named as an SEC commissioner, a move that should boost the prospects of cryptocurrency businesses and a US exchange-traded funded.
Roisman is a known supporter of cryptocurrencies and blockchain technology. He is the third appointment by President Donald Trump to the SEC, succeeding Michael Piwowar, who left his position last month.
Roisman has previously gone on the record as calling for regulators to treat the cryptocurrency sector with fairness and transparency. He noted that the SEC must reexamine its rules to ensure they are within the limits of its mission.
Roisman is the fifth SEC commissioner, joining Jay Clayton, Robert Jackson, Jr., Hester Peirce, and Kara Stein. Roisman, 37 years old, will join the SEC after working for several years on the Senate Banking Committee, where he was the panel’s chief counsel. The Senate approved him 85-14.
“It is my honor to welcome Elad back to the Commission,” said SEC Chairman Jay Clayton. “Elad’s broad experience and previous work at the Commission will serve Main Street investors and our markets well.”
“I am excited to have the opportunity to be back working with the talented and hardworking people at the SEC, as well as with my fellow Commissioners,” said Roisman. “I look forward to engaging with them and the public to carry out the SEC’s important mission.”
Roisman comes to the SEC from the Senate Banking Committee, where he served as Chief Counsel. He previously served as Counsel to SEC Commissioner Daniel Gallagher and prior to that, as a Chief Counsel at NYSE Euronext. He also worked as an attorney at the law firm of Milbank, Tweed, Hadley & McCloy LLP where he served as an associate in the New York office. Commissioner Roisman earned his bachelor’s degree in History at Cornell University and his J.D. at the Boston University School of Law.
Roisman fills a term that expires on June 5, 2023.