Gary Gensler, the new figure of American regulation

Posted on Apr 15, 2021, 5:30 PMUpdated on Apr 15, 2021, 6:41 PM

Gary Gensler likes difficulty. And this marathon runner expects a long journey strewn with pitfalls at the head of the Securities and Exchanges Commission (SEC). At sixty-three, he is now the main figure in the new regulation that the Democrats intend to impose on the United States, after its confirmation by the Senate on Wednesday. However, his mandate promises to be agitated, as shown by the vote of the senators, who only approved it with 53 votes to 47. Only three Republicans lined up behind him, the others being fiercely opposed to his interventionist agenda. .

It must be said that this former executive of Goldman Sachs – he spent eighteen years there before being appointed by Bill Clinton in the administration of the Treasury – is today the best hope of the American left to try to regulate the financial system. “The SEC has been sleeping too long, Massachussetts Senator Elizabeth Warren said during Gary Gensler’s Senate hearing. It is time for her to stand up and protect investors and consumers. Sleeping is not really on Gensler’s agenda, as there are so many hot issues …

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