Investing
From Crypto to Meme Stocks, GOP Senators Blast Gensler’s Agenda
- SEC chief faces criticism at Tuesday banking panel hearing
- He defends plans, saying his policies are what investors want
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U.S. Securities and Exchange Commission Chair Gary Gensler’s ambitious plans to rein in everything from cryptocurrencies to the meme-stock frenzy are drawing fire from Republicans.
During a Tuesday appearance before the Senate Banking Committee, GOP lawmakers denounced Gensler’s agenda for stifling innovation, increasing costs for investors and veering into social issues like climate change and workforce diversity that have nothing to do with the SEC’s core mission.