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

Key Takeaways

Ammon Simon has been appointed Senior Counsel to the US Senate Banking, Housing and Urban Affairs Committee.
Simon's appointment is expected to influence crypto regulation, promoting innovation with investor protection.

Ammon Simon has been appointed Senior Counsel to the US Senate Banking, Housing and Urban Affairs Committee, according to his LinkedIn advertisement.

Simon previously served as an advisor 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 communication between the agency and industry stakeholders on issues including the protection of advisory client assets.

His previous positions include serving as Chief of Staff and Senior Advisor to the General Counsel at the Department of Housing and Urban Development during the Trump Administration.

He also worked as a Banking Advisor to General Ben Sasse, where he provided guidance on financial market regulations.

Simon has a JD from Columbia Law School and a BA in Political Science and Economics from Wheaton College, where he was an MEP Fellow studying religion, 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 deals with regulatory frameworks for the crypto sector.