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SEC Chairman defends regulation by enforcement strategy despite increasing political pressure
The Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is facing pressure from both parties and the commitment to remove him by former President Donald Trump. In this context, he has defended the SEC's regulatory strategy by emphasizing the necessity of enforcement.
Speaking at a financial technology conference in Las Vegas on Monday, Gensler affirmed his commitment to maintaining his role at the SEC, despite calls from many sides for him to resign. He is acutely aware of the political pressure, particularly from the cryptocurrency industry, as the election on November 5 approaches. He stated:
Speaking at a financial technology conference in Las Vegas on Monday, Gensler affirmed his commitment to maintaining his role at the SEC, despite calls from many sides for him to resign. He is acutely aware of the political pressure, particularly from the cryptocurrency industry, as the election on November 5 approaches. He stated:
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