A company that is changing the way the world mines bitcoin

coinpedia 2025-01-09 17:44:51

Outgoing SEC Chair Gensler Shrugs Off Trump’s Criticism: ‘I feel Terrific’

The post Outgoing SEC Chair Gensler Shrugs Off Trump’s Criticism: ‘I feel Terrific’ appeared first on Coinpedia Fintech News In a recent statement, Gary Gensler, the outgoing Chairman of the U.S. Securities and Exchange Commission (SEC), spoke about the nature of his role overseeing the $120 trillion U.S. capital market, opening up about its integral role in the economy. The SEC Chairman addressed the criticism he’s received during his tenure, notably from high-profile figures like President-elect Donald Trump and billionaire Elon Musk. In an interview with Bloomberg, Gensler recalled a quote from former Secretary of State Hillary Clinton: “If you’re not willing to be attacked, you can’t go into the public square and debate policy. This role is about overseeing the capital markets that touch everything in our economy. It’s about raising money for most of what we do and how people save,” Gensler said. “I feel terrific about it.” He said that such attacks are part of the process in a democracy, especially when policies affect 330 million Americans. Gensler also touched on the rapidly growing space of cryptocurrency, which has drawn increasing attention from both regulators and the public. “It’s a small part of the market,” he said. “But it’s a space that we keep a close eye on. Gensler also opened up about the SEC’s recent efforts to improve market efficiency, such as reducing the stock settlement cycle from two days to one. This change allows investors to access their funds faster. Additionally, the SEC has implemented new rules requiring companies to notify consumers if their personal data is compromised, addressing a gap in previous federal regulations. However, Gensler acknowledged that some financial intermediaries, such as brokers and stock exchanges, have raised concerns about these changes. He pointed out that, while these entities may object to the new rules, the SEC’s ultimate goal is to serve everyday consumers and ensure that the market operates fairly for them.

Наиболее читаемые новости

How BCH Miner can help users make passive inc...
2025-01-10
Hong Kong Empowers Banks with a New Blockchai...
2025-01-10
RWA is the number one use case in crypto righ...
2025-01-10
Trump to Launch First Senate Crypto Subcommit...
2025-01-10
Standard Chartered Expands Crypto Services in...
2025-01-10
Indian crypto exchange WazirX charts recovery...
2025-01-10
User Loses 143.45 ETH to Sophisticated Transa...
2025-01-10
Crypto Giants Back Trump with Millions
2025-01-10

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения