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Join the Securities Litigation and Enforcement Group on LinkedIn‘A Politician Masquerading as a Regulator’ – 3 Takeaways From Gary Gensler’s Fortune Profile
It’s strange to think now how crypto received Gary Gensler as he became Securities and Exchange Commission chair in 2021. At the time, he was a breath of fresh air for an industry that badly needed change. His SEC predecessor, Jay Clayton, had seemed largely disinterested in digital assets, whereas Gensler had taught courses on […]
Commission Statement on the Passing of Former Chairman Harvey Pitt
We mourn the passing of Harvey Pitt, the 26th Chairman of the Securities and Exchange Commission. Harvey loved this agency, dating back to his time right out of law school serving as a staff attorney in the Office of General Counsel (OGC). He continued to serve the Commission for a decade, advising former Commissioner Francis […]
Crypto-silence is precious for Gensler’s SEC | Reuters
Think from Gensler’s perspective, though, and there’s little upside in breaking the silence. Accept that digital assets are not securities after all, and he would look foolish for not saying so sooner. Yet state definitively that they are securities, and Gensler would have to show his reasoning, opening the SEC up to more costly legal […]
SEC’s Gensler Blasts Hedge Fund Fees as Agency Readies New Rules – Bloomberg
Gary Gensler is again blasting hedge funds and private equity firms for the fees they charge investors, as the Securities and Exchange Commission plows ahead with plans to boost oversight of the private fund industry. “Today, private fund advisers receive multiple levels and types of fees—from management to performance to portfolio company fees.,” the SEC […]
Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach
Securities and Exchange Commission (SEC) chair Gary Gensler could be facing unemployment after United States Representative Warren Davidson declared he would introduce legislation to fire the SEC boss. In an April 15 tweet responding to Coinbase’s legal chief, Paul Grewal, the crypto-friendly congressman announced his intention to have Gensler removed from his role after the SEC’s […]
It’s Time for Tough Questions to Gary Gensler About Crypto | RealClearMarkets
Time is on the side of the abusive federal regulator if the Judiciary is the only branch of government doing its constitutional duty to provide a check on the Executive when it overreaches like this. Even when these companies are ultimately vindicated years later, the damage is already done. As legal experts point out, sovereign immunity […]
Ethereum co-founder praises Gary Gensler as ‘shining knight of decentralization’
Ethereum co-founder Joseph Lubin praised SEC Chair Gary Gensler as a “shining knight of decentralization.” Speaking at ETHDenver (which ended on March 5,) Lubin spoke candidly about recent regulatory enforcement actions, holding Gensler as a catalyst for driving decentralization – much to the audience’s jeers. Source: Ethereum co-founder praises Gary Gensler as ‘shining knight of […]
Senate Republicans want the SEC to explain why staff are quitting | Reuters
Senate Republicans want the SEC to explain why staff are leaving the nation’s corporate watchdog at the highest rate in 10 years amid a flurry of proposed rules, according to a letter seen by Reuters on Sunday. The private letter dated Oct. 27 from Senate Republicans to the chair of the Securities and Exchange Commission, […]
Gary Gensler’s Bad Performance Review – WSJ
Businesses have been warning that Securities and Exchange Commission Chair Gary Gensler’s fast-and-furious regulation could cause damage across the economy. Now agency officials and Democratic Senators are raising alarms too. The SEC Office of Inspector General this month issued a withering review of Mr. Gensler’s leadership that would probably get a CEO of a public […]
The SEC is Busy – Bloomberg
A somewhat exaggerated model you could have for the US Securities and Exchange Commission under its current chair, Gary Gensler, is that Gensler wants to remake all of securities regulation all at once…. You could imagine the SEC’s staff loving this. “Finally, after years of not remaking securities regulation, we’ve got something exciting to do!” But it […]