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Former SEC chief Harvey Pitt dies at 78

Pitt was appointed to lead the SEC by President George W. Bush in 2001, oversaw the closure of financial markets 

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"Over the years, Harvey has been extremely generous with his time and sage advice,"  said Michael Piwowar 

Pitt was a graduate of St. John's University School of Law and the City University of New York, according to the SEC's website. 

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he expressed his views on the need for a concise national policy for crypto market. 

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Pitt, who had worked as the regulatory agency’s 26th chairman, said regulating crypto was a national issue but not a political concern.