Gary Gensler: “Because it seems to me that your proposal differs and hasn't taken Congress' directive as seriously as the CFTC is.”

I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets where issuers are asking the public to buy and sell their securities.

I really do think it is such a privilege to serve and the important thing we do is we look out for 330 million Americans.

Chair Gensler said there were many more disclosure rules coming down the line.

The SEC is very much implementing the priorities that I and my Democratic colleagues championed when we were in charge.