SEC commissioner Crenshaw rips the agency’s ‘regulatory Jenga’

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Financial Times 13h ago

SEC commissioner Crenshaw rips the agency’s ‘regulatory Jenga’ - Financial Times

Quick Summary:

But we’re sure that the Trump administration will appoint sensible Democratic commissioners to replace Crenshaw and the already-departed Jaime Lizarraga.Right? Right?

However, according to Crenshaw, the biggest Jenga piece is the exodus of SEC staff.

Our expectations for the CFTC are sub-zero, but seeing America’s premier financial watchdog roll out the red carpet for something whose only popular use cases so far are criminality and gambling is a little worrisome.