Gary

<ul class="news-points"> 
 <li>SEC chair Gary Gensler came under criticism on X after announcing the SEC had adopted a rule made since 2008.</li> 
 <li>Gensler said Congress directed that the SEC adopt the rule following the 2008 financial crisis.</li> 
 <li>X users dig up accusations against Gensler, suggesting a role in the financial crisis and during his time as CFTC chair.</li> 
</ul> 
<a href="https://coinedition.com/gary-gensler-accused-of-twisting-facts-ahead-of-congress-hearing/">Gary Gensler</a>, the chairman of the U.S. Securities and Exchange Commission, has come under criticism again following a recent post he made on X – formerly Twitter. 
Gensler, who has been at the heart of the regulatory onslaught against crypto entities, tweeted that the SEC has adopted a rule Congress directed after the 2008 financial crisis. He continued that the rule is intended to “enhance the transparency of short selling of equity securities.” 
However, Gensler’s post wasn’t met positively, with several users alleging the head of the SEC having a hand in the crisis. A user responded: 
<blockquote class="wp-block-quote"> 
 So say’s Gary Gensler, the genius regulator who *definitely* had no role in the financial crisis at CFTC. Gensler didn’t want to regulate credit default swaps because they were being traded by sophisticated investors. Clearly, we’re in the han…
</blockquote>
The post <a rel="nofollow" href="https://coinedition.com/gary-gensler-accused-of-alleged-role-in-2008-financial-crisis/">Gary Gensler Accused of Alleged Role in 2008 Financial Crisis</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Gary Gensler Accused of Alleged Role in 2008 Financial Crisis

Coin Edition

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