. To many, the chairman of the Securities and Exchange Commission , America’s main financial regulator, is meddlesome and overreaching. Mention him in crypto circles and you invite a convoluted description of a token or project, followed by the speaker hissing: “How canhave raised the eyebrows of other policymakers, alarmed lobbyists in Washington and panicked much of Wall Street. One bank boss sneers that his agenda is ridiculous.
Yet Mr Gensler does not seem the type to court controversy. He speaks with the pedantic precision of a central banker and avoids talking about specific firms or rules his agency has not opined on. When discussing thorny problems in an interview withhe regularly appeals to first principles—such as fairness for investors and level playfields between market institutions and safe investing—which he wants to be the legacy of his time in office.
Indeed, Mr Gensler’s frenetic activity partly reflects the chaotic time he started the job. He was appointed in April 2021, a year after the Treasury market—the most important financial market in the world—seized up during the pandemic-induced dash for cash. A financial boom was roaring. Beeple, a digital artist, had just sold a non-fungible token for $69m, kicking off a frenzy for crypto assets. Special-purpose acquisition vehicles were raising billions of dollars a week.
GaryGensler is a part of the problem, not it’s solution.
Go Gary Go !!!!!
Wasting tax payers money at a time like this and at the same time hurting the very people he is supposed to protect.
Regulation by enforcement... Not good.
A Martha Stewart moment… Underwhelming 🍫
Robbin da hood?
Yet he’s still looking the other way at the criminal activities of Citadel et al.
He’s about the worst person in government… that’s saying something
He found the time to do his job?
HODL
No
On this week’s “Money Talks” podcast, host alice_fulwood sits down with Gary Gensler and asks him what he’s trying to achieve
Yes, criminals frequently complain about cops preventing them from committing crimes. That doesn't merit an article.
Solving 1 would be a start