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Gary Gensler, who led the Commodity Futures Trading Commission during the Obama administration from 2009 to 2014, will be President-elect Joseph R. Biden's nominee to lead the Securities and Exchange Commission. Rohit Chopra, the former assistant director of the Consumer Financial Protection Bureau, has been chosen to run that agency. It is rather good news to have someone in this position who understands Bitcoin and how important it will be to the world of the future. It remains to be seen whether this will translate into favorable regulation.