As an investor, staying informed about the latest updates from the Securities and Exchange Commission (SEC) is crucial. Recently, SEC Chairman Gary Gensler delivered what sounded like a farewell speech at the Practising Law Institute’s 56th annual conference on securities regulation. Gensler, who has been leading the SEC since April 2021, praised the agency for its work in ensuring the efficiency and integrity of the capital markets.
During his speech, Gensler reviewed the accomplishments of the SEC under his leadership. He highlighted the enactment of various disclosure rules, including those related to data breaches, executive pay, and ownership stakes in companies. Gensler also touched upon market structure improvements, such as new rules on central clearing of Treasuries and the shortening of the settlement cycle for stocks.
One of the most notable aspects of Gensler’s speech was his defense of the SEC’s stance on cryptocurrency. He emphasized the need for proper regulation and registration of digital assets that are offered or sold as securities. Gensler pointed out the potential risks in the crypto industry and stressed the importance of protecting investors from harm.
Although Gensler did not explicitly mention resigning, his remarks hinted at a possible departure from the SEC. He expressed pride in serving alongside his colleagues and reiterated the agency’s commitment to safeguarding American families in the financial markets.
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