Former Blockchain.com executive Jamie Selway joins the SEC and will serve as Director of Trading and Markets
On the same day, the SEC appointed two new directors, Jamie Selway and Brian Daly, who are familiar with the encryption market, to accelerate the supervision of digital assets in the United States.
(Previous summary: Solana ETF will be listed in July? SEC requires issuers to submit amended S-1 documents to express goodwill for the pledge function)
(Background supplement: U.S. SEC Chairman: is planning an "innovation exemption" for DeFi protocols, and should not be punished for malicious use by others)
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The U.S. Securities and Exchange Commission (SEC) also appointed former Blockchain.com senior executive Jamie on June 13. Selway and senior investment lawyer Brian Daly take charge of the two core departments, which the market interprets as a precursor to the upcoming clarity of encryption regulations.
Two major departments add "encryption gene"
According to SEC press releases (2025-87, 2025-88), Jamie Selway will lead the Exchange and Market Affairs Bureau, and Brian Daly will lead the Investment Management Bureau. Both of them will officially take office on July 8. These two departments are respectively responsible for the supervision of exchanges and the formulation of rules for mutual funds and ETFs. They are regarded as the key hub for crypto assets to integrate with traditional finance.
Qualifications aligned with the three pillars of supervision
Selway served as the head of global institutional markets at Blockchain.com from 2018 to 2019, during which time he participated in the Protego Trust digital asset custody solution; earlier, he was the managing director of ITG.
Brian Daly has long been focused on investment regulations and was responsible for hedge fund and ETF structures when he was a partner at Akin Gump LLP. SEC Chairman Paul Atkins recently proposed three regulatory pillars: "issuance, custody, and trading." The backgrounds of the two new directors fall exactly in these three areas.
Congress is slow to legislate, but personnel arrangements are ahead of schedule
The House of Representatives is still reviewing the CLARITY Act, trying to divide the powers and responsibilities of the SEC and CFTC. At the same time, the SEC withdrew its old proposal to include DeFi platforms in the definition of “exchange” on June 12, indicating that the regulatory direction is still adjusting.
Analysts generally expect that after Selway and Daly take office, the SEC’s review process for crypto exchanges and custodians will be more predictable. JPMorgan Chase estimated on the 14th that once the regulatory route is established, the size of U.S. crypto ETFs could exceed US$20 billion within a year.
However, the Trump administration has not yet filled the vacancies of one SEC member and three CFTC seats, and there are still uncertainties in the policy shift.
