SEC Chair Gary Gensler is gearing up for a busy week of congressional hearings and congressional scrutiny related to his first few months on the job.
Gensler is scheduled to appear before the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday, the two committees with jurisdiction over Wall Street regulation. Gensler’s first congressional testimony will come just one month after he was sworn in as Chair of the Securities and Exchange Commission, where he is already dealing with a flurry of disputes with former Commission Chair Jay Clayton.
During the hearings, lawmakers are set to question Gensler on a broad range of topics, including the flooded IPO market, cryptocurrency regulations, investor protections, and PCAOB oversight.
The hearing before the House will also be an opportunity for Gensler to hone his bipartisan chops, as he will likely face opposition from Republicans who are not thrilled with his preparations for day one on the job. Meanwhile, on the Senate side, Gensler is likely to get a warm welcome from Democrats eager to learn about the plans he has for his agency.
