#Gensler Steps Down as SEC Chair#
Hot Topic Overview
Overview
Gary Gensler has apparently tweeted a farewell message, announcing his resignation as Chairman of the U.S. Securities and Exchange Commission (SEC). In the tweet, he said that serving as Chairman of the SEC and serving the public has been the honor of his life. Gensler also reviewed his accomplishments over the past four years, including updating the rules for the stock market and the Treasury bond market, shortening the settlement cycle, and returning over $2.7 billion to harmed investors.
Ace Hot Topic Analysis
Analysis
Gary Gensler seemingly posted a farewell tweet, announcing his impending departure as Chair of the U.S. Securities and Exchange Commission (SEC). In his tweet, he expressed his honor of serving as SEC Chair and for the public. He also posted a video, reviewing the accomplishments of the past four years, including updating rules for the stock and bond markets, shortening settlement cycles, and returning over $2.7 billion to harmed investors. Gensler also highlighted the SEC's critical role in overseeing the market and ensuring compliance with commonsense rules under U.S. securities law in his tweet, and listed several important achievements made by the SEC over the past four years, such as lowering costs and risks, enhancing market integrity, improving the transparency and integrity of corporate governance at public companies, establishing data breach notification rules, and laying the foundation for artificial intelligence applications in finance, etc.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Gensler is honored to serve as SEC Chair and believes public service is a way to give back to the community.
Gensler highlighted the SEC's crucial role in overseeing markets and ensuring compliance with securities laws, and cited achievements during his tenure, including lowering costs and risks, enhancing corporate governance transparency, protecting investor information security, promoting the use of artificial intelligence in finance, shortening settlement cycles, and returning funds to harmed investors.
Gensler's farewell tweet hinted at his impending departure as SEC Chair.
During Gensler's tenure, the SEC has taken an active approach to regulating cryptocurrencies, prompting industry controversy.