SEC’s Gensler is loyal to banks, not an impartial regulator — Rep. Tom Emmer
Cointelegraph
Published Sep 27, 2023 03:15PM ET
Updated Sep 27, 2023 05:00PM ET
United States Representative Tom Emmer spoke out against Securities and Exchange Commission Chair Gary Gensler during a hearing at the House Financial Services Committee on Sept. 27. According to the lawmaker, Gensler has been loyal to Wall Street “at the clear expense of innovation, competition, and everyday Americans.”
Over four minutes of questioning, Emmer hinted at Gensler’s background in finance, which included 18 years with Goldman Sachs, where he was a partner and co-head of finance. As per Emmer’s view, Gensler’s ties to the financial industry limit his ability to be an impartial regulator. He said:
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Written By: Cointelegraph
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