A former crypto executive has been tapped to serve as the director of trading and markets at the U.S. Securities and Exchange Commission (SEC).

Jamie Selway, a veteran financial services executive, will begin serving in the role on June 17th, per a new press release from the regulator.

SEC Chairman Paul Atkins says Selway will help “ensure the agency’s regulations balance costs and benefits.”

The SEC has adopted a more crypto-friendly stance under Atkins, who has sought to distance the regulatory agency from the high-profile enforcement actions overseen by Gary Gensler, the previous chair.

Gensler launched legal battles against numerous crypto firms, including industry giants Binance, Kraken, Coinbase, Ripple, Uniswap…