U.S. Regulation

Pro-Crypto Advocate Ammon Simon Appointed Chief Counsel to Senate Banking Committee

Ammon Simon has been appointed Chief Counsel for the US Senate Committee on Banking, Housing, and Urban Affairs, according to his LinkedIn announcement. Simon previously served as counsel to SEC Commissioner Hester M. Peirce, where he focused on regulatory policies for crypto assets and emerging financial technologies. 

During his tenure at the SEC, he worked to facilitate dialogue between the agency and industry stakeholders on matters including advisory client asset protection. His prior roles include serving as Chief of Staff and Senior Counsel to the General Counsel at the Department of Housing and Urban Development during the Trump Administration. He also worked as Banking Counsel for Senator Ben Sasse, where he provided guidance on financial market regulations.

Simon holds a J.D. from Columbia Law School and a B.A. in Political Science and Economics from Wheaton College, where he was an FPE Fellow studying faith, politics, and economics. The Senate Banking Committee is currently working on legislative initiatives to integrate digital assets into traditional financial systems.  Simon’s appointment comes as the committee addresses regulatory frameworks for the crypto sector.

Terron Gold

Recent Posts

SWIFT Launches Blockchain Ledger Pilot With 17 Banks for Tokenized Deposits

SWIFT has launched a new blockchain-based ledger pilot with 17 major banks to test how tokenized deposits can move across…

6 days ago

Sony Bank Wins U.S. Approval to Launch Dollar Stablecoin Trust Bank

Sony Bank, the banking arm of Sony Financial Group, has received conditional approval from the Office of the Comptroller…

7 days ago

PayPal USD Launches Natively on Polygon to Expand Global Stablecoin Payments

PayPal has expanded its stablecoin strategy by launching PayPal USD (PYUSD) natively on the Polygon blockchain, giving businesses direct access…

7 days ago

BONK Faces $20 Million Treasury Attack After Malicious Governance Proposal Passes

BONK, one of Solana's most recognizable memecoins, is facing a major governance crisis after an…

1 week ago

World Leaves Solana for Robinhood Chain in Major Bet on Tokenized Finance

World, the blockchain ecosystem co-founded by Sam Altman, is shifting its prediction market infrastructure from Solana to the…

1 week ago

BNB Chain Unveils New Layer 1 Built for AI Agent Trading, Targets 2027 Mainnet Launch

BNB Chain has revealed plans to build a brand-new Layer 1 blockchain specifically designed for the next generation…

1 week ago