The S.E.C.’s Chief Is Worried About A.I.
New York TimesJUL 2023
Clearly the crypto industry, which contributed heavily to Trump and Congressional Republicans' campaigns, is calling the shots now. Gensler fought the good fight to bring transparency to markets, as well as set standards for climate disclosures cyber security. But unfortunately the next administration isn't interested in regulations that will protect average Americans and the economy.
One way or another, Trump was going to replace Gensler with someone who better knows how to get industry, including the crypto markets, booming. So Gensler has made the future president's job easier. Gensler was always overreaching with his climate regulations and investigations and was another failed part of the lousy outgoing Biden administration.