Gary Gensler confirmed by Senate to lead the SEC, Wall Street's top regulator

[DonViejo]

Source: CNBC



PUBLISHED WED, APR 14 202112:30 PM EDT UPDATED WED, APR 14 202112:43 PM EDT

Thomas Franck
@TOMWFRANCK

KEY POINTS

Gary Gensler will lead the Securities and Exchange Commission after the Senate voted to confirm his nomination to the nation’s top financial regulator.

Gensler, President Joe Biden’s pick to helm the SEC, will play a key role enforcing and drafting the rules that govern Wall Street, investors and financial entities.

Progressives expect him to look into digital currencies, the GameStop trading mania and how corporate America prioritizes environmental, social and governance.

Gary Gensler will lead the Securities and Exchange Commission after the Senate voted 53-45 on Wednesday to confirm his nomination to the nation’s top financial regulator.

Gensler, chosen for the role by President Joe Biden, will now play a key part in enforcing and drafting the rules that govern Wall Street, investors and a wide range of other financial entities.

Now, with the SEC commissioners possessing a 3-2 Democratic majority, Gensler will likely have a long to-do list after he settles in to his new job.

Progressives expect the 63-year-old to follow through on his promises to look into a range of topics, including digital currencies, the GameStop trading mania and how corporate America prioritizes environmental, social and governance issues.


Read more: https://www.cnbc.com/2021/04/14/gary-gensler-confirmed-to-lead-the-sec.html

[bucolic_frolic]

1. 53-45

Republicans can't even support Wall Street.

[BadgerKid]

2. Gensler may end Wall Street shenanigans.