McKernan Confirmed as Treasury Under Secretary: Potential Shift for Crypto Adoption

Jonathan McKernan’s confirmation as Under Secretary for Domestic Finance at the U.S. Treasury marks a significant shift in regulatory approach, potentially shaping the future of the crypto market. A close Senate vote saw his appointment confirmed with a 51-47 margin amidst ongoing government shutdown negotiations. Experts anticipate his pro-innovation policies could pave the way for more favorable regulations towards emerging technologies including cryptocurrencies.