In a significant development, Ryan Selkis, the CEO and founder of Messari, has revealed his intention to join the U.S. Securities and Exchange Commission's (SEC) Investor Advisory Committee (IAC). This announcement reflects Selkis' commitment to crypto advocacy and aims to bring regulatory clarity to the digital asset industry.

Selkis, a seasoned crypto expert and a staunch supporter of investor protection standards, has expressed his enthusiasm to contribute his expertise to the SEC's policy-making process. Following SEC Commissioner Hester Peirce's reminder about the IAC application period, Selkis declared his candidacy, highlighting his decade-long dedication to crypto and his substantial work on investor protection standards.

Furthermore, Selkis has emphasized his proactive approach to developing regulatory frameworks that foster investor confidence in the crypto space. He has also called for public support for his candidacy, encouraging individuals to endorse his application by retweeting his post. Selkis' campaign reflects the democratic ethos of governance, emphasizing the importance of "of the people, by the people, for the people."

SEC Commissioner Hester Peirce's support for crypto innovation could inspire more applications from the crypto community. However, no other industry participants have yet declared their involvement.

The SEC is currently seeking five candidates to join the Investor Advisory Committee, which was established under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The committee advises the SEC on regulatory priorities, securities product regulation, investor protection initiatives, and promoting investor confidence. If Selkis or any other pro-crypto candidate is selected, it could lead to a shift in the SEC's approach towards crypto.

SEC Chairman Gary Gensler has emphasized the importance of diverse perspectives in policymaking, suggesting that the committee could welcome representatives from various investment spheres, including crypto. The IAC plays a critical role in ensuring transparent and fair markets for all investors, aligning with the SEC's mission. Interested individuals with knowledge of investment issues and integrity are encouraged to apply before the deadline of April 26, 2024.