An aggressive regulator is critical to maintaining the United States as the 'gold standard' for capital markets, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler will tell the U.S. Senate Banking Committee on Thursday.
U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, U.S., September 14, 2021. REUTERS/Evelyn Hockstein/PoolWASHINGTON, Sept 15 - An aggressive regulator is critical to maintaining the United States as the "gold standard" for capital markets, U.S. Securities and Exchange Commission chair Gary Gensler will tell the U.S.
"As markets have evolved, our rules have continued to evolve as well," he said. "I think we should do everything we can to maintain and enhance that gold standard of our capital markets."Republicans are especially concerned about a draft SEC rule requiring public companies to disclose climate-related risks, including greenhouse gas emissions. Corporate groups say it is onerous and exceeds the agency's authority.
Gensler made headlines last week when he said crypto companies may need multiple SEC registrations and split their operations into separate legal entities.Senator Pat Toomey, the senior Republican on the committee criticized Gensler's approach in July.
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