Industry awaits Gensler’s agenda (CQ Roll Call)

Expect SEC chairman nominee Gary Gensler to seek greater regulation of Wall Street that will be viewed as anti-industry, but many Congressional Democrats, industry groups and fellow regulators agree it’s exactly what’s needed. Amy Lynch, FrontLine Compliance Founder and President, states that Gensler’s track record as a regulator has shown him to be a tough enforcer of current rules and an implementer of new rules as necessitated. Ms. Lynch sees Gensler following President Biden’s call for more rules surrounding ESG, as well as establishing regulations for digital currencies. She adds that Gensler may work with Republican SEC Commissioner Hester Peirce, an advocate of cryptocurrencies, to propose a regulatory framework for digital currency markets. See CQ Roll Call (subscription required), “Experts see Gensler pushing climate disclosure rules at SEC”