Jun 25, 09:09 PM

Wall Street’s Top Regulator Gensler's Agenda Hit by Court Ruling on $30 Trillion Fund Rules

The agenda of SEC Chair Gary Gensler faced a significant setback as the Fifth Circuit Court struck down $30 trillion private fund rules. Despite this, Wall Street’s top regulator remains committed to pushing for greater transparency from hedge funds and private equity firms regarding their fees. He stated that the SEC is still evaluating its next steps in this regard. Gensler also addressed the crypto sector, criticizing it for non-compliance and high centralization, while maintaining that crypto securities are consistent with existing securities laws. He emphasized that the SEC would adjust its strategies based on court rulings.

#SEC #Gary Gensler #Fifth Circuit Court #Wall Street #Gensler

Written with ChatGPT (GPT-4o).

Sources

First Squawk@FirstSquawk
2 years ago
SEC’S GARY GENSLER ON HIS AGENDA: ‘IF THE COURTS ADJUST, WE ADJUST’ - FT
LiveSquawk@LiveSquawk
2 years ago
SEC’s Gary Gensler On His Agenda: ‘If The Courts Adjust, We Adjust’ - FT https://t.co/lznoB5V86i
Finance News@ftfinancenews
2 years ago
SEC’s Gary Gensler on his agenda: ‘If the courts adjust, we adjust’ https://t.co/D49Lg6zkXJ

Additional media

Image #1 for story wall-streets-top-regulator-gensler-s-agenda-hit-court-ruling-on-30-trillion-fund

Image #2 for story wall-streets-top-regulator-gensler-s-agenda-hit-court-ruling-on-30-trillion-fund

Image #3 for story wall-streets-top-regulator-gensler-s-agenda-hit-court-ruling-on-30-trillion-fund