Home arrow Article arrow Article Detail

Gary Gensler- Came with an agenda to take over the SEC

Profile Image

Shivangi Mujumdar Follow


Apr, 19 2021

Apr, 19 2021

likes | comments 0

Article Image

The Senate is likely to confirm Gary Gensler as chairman of the Securities and Exchange Commission (SEC) on Wednesday, (Apr. 4’21) and crypto-assets including bitcoin are likely high on his schedule. 


What’s probable on the top of the list? 


Social, Environmental and Governance 


President Joe Biden has pledged swift deed to tackle what he calls a “climate emergency.” 

Acting chair Allison Herren Lee has previously indicated that the SEC will focus on greater transparency and how business actions may be affecting the climate. 


GameStop fallout 


The GameStop condition has directed numerous calls for investigations about market manipulation, gamification of trading, and whether it is possible to move from the current two-day settlement period for stocks (T + 2) to one day. 


The SEC should generate a minimal level of short-sale discovery, Pat Healy of Issuer Network stated. 


Market losses only are not a ‘reason for more regulation’: SEC Commissioner 


One subtle issue:  Archegos was a family office that was released from registration with the SEC. This man was trading his own money, stated Amy Lynch, a former SEC compliance official currently with Frontline Compliance. 


Standards of care for broker-dealers 


The SEC set in place Regulation Best Interest last year, which recognized new standards of conduct for broker-dealers and needs them to recommend products that are in their customer’s best interest. 


Bitcoin ETF 


A bitcoin ETF would be a security structured by the SEC. The SEC has constantly denied requests to form a bitcoin ETF for the last eight years, citing concerns over custody, fraud, and extreme volatility. 


Gensler is expected to continue to pay attention to the safety of those assets. Certainly, the SEC’s Examination Priorities quoted digital assets and the “safety of client funds and assets” as top importance. 

likes | comments 0

Profile Image

Shivangi Mujumdar

CBW - External Analyst


Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
Innovative Bitcoin Tool Empowers Billions of Companies with Lightning-Fast BTC Payments, Revolutionizing the Trillion-Dollar Market

The LINER (Lightning Index Rate) index is a cutting-edge tool that Amboss, a well-known Lightning data provider, has released in a bid to spur business adoption of Bitcoin's Lightning Network.;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.