news 
Outgoing SEC Chair Gensler Shrugs Off Trump’s Criticism: ‘I feel Terrific’
Gary Gensler, the outgoing Chairman of the U.S. Securities and Exchange Commission (SEC), has expressed his confidence in his role despite facing criticism from high-profile individuals such as President-elect Donald Trump and billionaire Elon Musk.
In a recent interview with Bloomberg, Gensler highlighted that the SEC’s purpose is to oversee the $120 trillion U.S. capital market, which affects every individual in the country. He emphasized that it is crucial for regulators to engage in open debates to create a fair and transparent financial environment.
While addressing his critics, Gensler shared a quote by 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.” Gensler asserted that he feels ‘terrific’ about his work and is committed to ensuring fairness in financial markets.
Gensler’s tenure as SEC Chair has been marked by significant reforms. Under his leadership, the SEC made substantial changes to improve market efficiency. These initiatives include reducing the stock settlement cycle from two days to one, allowing investors to access their funds more quickly. Additionally, he introduced new rules mandating companies to notify consumers in case of data breaches, filling a crucial gap in previous federal regulations.
Although some financial intermediaries have raised concerns regarding these reforms, Gensler emphasized that his primary focus remains on protecting everyday Americans and ensuring the market operates fairly for them.
Source: coinpedia.org
