I think that Title VII, the derivatives title, was necessary. I think that the American public remains exposed today and unprotected because the market.
Gary Gensler
The Public Record
Gary Gensler is the current Chair of the U.S. Securities and Exchange Commission (SEC), having been appointed by President Joe Biden in April 2021. A member of the Democratic Party, Gensler has a background in finance and public service, previously serving as the Chair of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014. He is known for his focus on financial regulation and consumer protection, emphasizing the importance of transparency and fairness in the financial markets. Gensler has also been a professor at the MIT Sloan School of Management, where he taught courses on blockchain technology and digital currencies.
With all respect, I think that the Dodd- Frank derivatives title was very necessary.
Just because he was in London, it was the American taxpayers that ended up on the hook for $180 billion.
Well, I think that what happened in 2008 and what was addressed by Congress was to ensure that the transparency comes to these markets and we lower risk in the markets if U.S. commerce is affected.
It is our understanding that there is an exemption for end users vis-a-vis margin.
we look forward to working closely with Congress to continue addressing these critical issues.
I look forward to continued work on coordination with FSOC with respect to money market funds.
the Commission recognizes the importance of monitoring systemic risk and promoting financial stability.
the coordination of the FSOC agencies will continue to be a vital consideration.





