Former acting U.S. SEC chairman joins Backpack US board

Michael Piwowar, a former commissioner and acting chairman of the U.S. Securities and Exchange Commission (SEC), has joined the board of cryptocurrency exchange Backpack US. He was one of the senior U.S. regulators involved in early discussions on the supervision of cryptocurrencies and initial coin offerings (ICOs). Backpack previously appointed Mark Wetjen, a former commissioner and acting chairman of the Commodity Futures Trading Commission (CFTC), as president of its U.S. entity.