April 21, 2021 at 12:15 PM
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(Photo by Andrew Harrer/Bloomberg via Getty Images)
The opaqueness federal agencies are known for is not a design feature as much as it is an ancillary consequence of a complicated world. Nobody is necessarily hiding how these organizations are run or what they are doing. But with at least dozens of these federal entities in existence and maybe hundreds, depending on how you define “federal agency” it can get a bit overwhelming.
Still, getting to know certain federal agencies is worth the time. For anyone even tangentially involved in the financial industry, the swearing-in of the new U.S. Securities and Exchange Commission (SEC) Chairman, Gary Gensler, is the perfect excuse for a little review, as well as a glimpse into what to expect in the coming months.
Gary Gensler Sworn In As Member Of The SEC Date
17/04/2021
Gary Gensler was sworn into office today as a Member of the Securities and Exchange Commission by U.S. Senator Ben Cardin. He was nominated to Chair the SEC by President Joseph R. Biden on February 3, 2021 and confirmed by the U.S. Senate on April 14, 2021.
“I feel incredibly privileged to join the SEC’s team of remarkable public servants,” Gensler said. “As Chair, every day I will be animated by our mission: protecting investors, facilitating capital formation, and promoting fair, orderly, and efficient markets. It is that mission that has helped make American capital markets the most robust in the world.”
Gary Gensler Confirmed As New SEC Chair As Agency Tackles GameStop Saga, ESG Boom And Cryptocurrency forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Bitcoin’s appeal as a hedge against inflation is being put to the test, with the largest cryptocurrency slumping along with other risk assets after Jerome Powell failed to ease investor concern about rising price pressures. The digital token fell as much as 6.7% and traded at about $47,900 as of 2:38 p.m. in New York, after the Federal Reserve chairman said he is monitoring financial conditions and would be “concerned” by.
Bitcoin jumps above US$50,000 in recovery from last week's rout theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.