McHenry clashes with SEC’s Gensler over crypto crackdown

McHenry clashes with SEC’s Gensler over crypto crackdown

[ad_1] Gensler has long argued that much of the lightly regulated $1 trillion market violates U.S. securities rules because many of the products consist of unregistered securities. Gensler, an ally of top progressives like Senate Banking Chair Sherrod Brown (D-Ohio) and Sen. Elizabeth Warren (D-Mass.), has been on a collision course with McHenry since the … Read more

SEC’s Gensler rejects crypto’s threat to move overseas

SEC’s Gensler rejects crypto’s threat to move overseas

[ad_1] Now, as Europe moves ahead with rules for digital assets and U.S. lawmakers remain locked in a stalemate over the need for new regulations, crypto giants are threatening to move their businesses across the Atlantic. Gensler brushed off concerns about the plight of the U.S. industry as he faces a barrage of criticism from … Read more

Warren, Whitehouse lead Democrats in pressing Gensler for strong climate rule

Warren, Whitehouse lead Democrats in pressing Gensler for strong climate rule

[ad_1] The lawmakers say investors are demanding the information — and that Wall Street’s top regulator needs to “issue a strong climate risk disclosure rule as quickly as possible.” They called the idea of preemptively curtailing the rule’s Scope 3 and financial reporting components to head off legal risks “deeply misguided.” “The proposed rules are … Read more