Gary Gensler is an American government official and former investment banker who serves as the chair of the U.S. Securities and Exchange Commission. On February 3, 2021, Gary Gensler was nominated by President Joseph R. Biden to Chair the U.S. Securities and Exchange Commission, confirmed by the U.S. Senate on April 14, 2021, and sworn into office on April 17, 2021.
Gensler was a professor of the Practice of Global Economics and Management at the MIT Sloan School of Management before joining the SEC, co-director of MIT’s [email protected], and senior advisor to the MIT Media Lab Digital Currency Initiative. He served as chair of the Maryland Financial Consumer Protection Commission from 2017-2019, h
Gensler was formerly chair of the U.S. Commodity Futures Trading Commission, leading the Obama Administration’s reform of the $400 trillion swaps market. He also was senior advisor to U.S. Senator Paul Sarbanes in writing the Sarbanes-Oxley Act (2002), and was undersecretary of the Treasury for Domestic Finance and assistant secretary of the Treasury from 1997-2001.
In recognition for his service, he was awarded the Alexander Hamilton Award, the U.S. Treasury’s highest honor. He is a recipient of the 2014 Frankel Fiduciary Prize. Prior to his public service, Gensler worked at Goldman Sachs, where he became a partner in the Mergers & Acquisition department, headed the firm’s Media Group, led fixed income & currency trading in Asia, and was co-head of Finance, responsible for the firm’s worldwide Controllers and Treasury efforts.
Gensler earned his undergraduate degree in economics in 1978 and his MBA from The Wharton School, University of Pennsylvania, in 1979. He has three daughters.
A week after Nexo’s office in Bulgaria was raided, the crypto lender reached a settlement with the U.S. Securities and Exchange Commission (SEC) paying a total of $45 million in fines. The SEC has charged Nexo for the unregistered offering of its crypto lending product, the Earn Interest Product (EIP), to the U.S. investors. For The post Crypto Lender Nexo Agrees to Pay $45 Million in Fine to SEC appeared first on CoinGape.
In an interview with CNBC’s “Squawk Box Europe” on Wednesday at the World Economic Forum in Davos, Switzerland, Ripple CEO Brad Garlinghouse expressed his hopes for Ripple’s ongoing lawsuit with the SEC. A decision should come “sometime in the coming single digit months,” maybe as soon as June, Garlinghouse says on the lawsuit. He continued […] The post Why Ripple Lawsuit May Not Settle? Here Are Expectations of Ripple CEO and Legal Experts as Ruling Looms appeared first on Latest Crypto News. Why Ripple Lawsuit May Not Settle? Here Are Expectations of Ripple CEO and Legal Experts as Ruling Looms was first posted on January 18, 2023 at 4:51 pm.©2021 "Latest Crypto News". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at firstname.lastname@example.org
The International Swaps and Derivatives Association is working on two papers to address fundamental legal risks in the crypto markets.
The Securities and Exchange Commission (SEC) has maintained its anti-crypto stance and increased scrutiny on the crypto companies dwindled their growth and public listing. SEC Chair Gary Gensler looks to expedite the proposed “Regulation Best Execution” to increase its jurisdiction over the crypto market. It will also make the SEC having more control over crypto The post SEC Chair Gary Gensler Seeks Jurisdiction Over Crypto With New Proposed Rule appeared first on CoinGape.
The chair of the Financial Services Subcommittee on Digital Assets wants to make America the place for fintech and blockchain innovation.