Pro-crypto advocate Ammon Simon appointed chief counsel to Senate Banking Committee

Ammon Simon has been appointed Chief Counsel to the U.S. Senate Committee on Banking, Housing and City Affairs, in accordance with him LinkedIn announcement.

Simon beforehand served as an advisor to SEC Commissioner Hester M. Peirce, the place he centered on regulatory coverage for crypto belongings and rising monetary applied sciences.

Throughout his tenure on the SEC, he labored to facilitate dialogue between the company and business stakeholders on points such because the safety of consumer advisory belongings.

His earlier roles embody chief of employees and senior advisor to the Basic Counsel on the Division of Housing and City Improvement throughout the Trump administration.

He additionally labored as a banking advisor to Senator Ben Sasse, the place he supplied recommendation on monetary market regulation.

Simon holds a grasp’s diploma from Columbia Regulation Faculty and a BA in political science and economics from Wheaton Faculty, the place he studied religion, politics, and economics as an FPE Fellow.

The Senate Banking Committee is at the moment engaged on legislative initiatives to combine digital belongings into conventional monetary techniques.

Simon’s appointment comes because the committee is contemplating regulatory frameworks for the crypto sector.