SEC Abandons ESG Enforcement Amid Backlash; Gensler Criticized for Crypto Crackdown

The SEC has decided to abandon its ESG enforcement group amid a broader backlash. This move comes as SEC Chair Gary Gensler faces criticism for his efforts to enforce ESG edicts on public companies, which some view as an attempt to 'wokeify' corporate America. Additionally, Gensler's crackdown on the crypto industry has been labeled unlawful by critics, who argue it has set the industry back by a decade. The SEC has also warned against 'AI-washing' in its latest ESG round-up, according to Responsible Investor.