The American Securities Association (ASA) recently asked Gary Gensler, the head of the U.S. Securities and Exchange Commission (SEC), to resign. The ASA believes Gensler’s strict rules on areas like cryptocurrency, environmental standards, and private investments are not helpful for regular investors and small businesses. ASA’s CEO, Chris Iacovella, explained that the SEC needs to focus more on helping everyday Americans, retirees, and small business owners instead of adding complex regulations. Many people feel that Gensler’s approach has made the market more complicated and less efficient.
With Donald Trump now returning to office, there’s a strong chance that a new leader might be appointed to head the SEC. Trump’s team has suggested they want an SEC leader who will support growth and be friendlier to businesses by creating fewer rules. While some are hopeful for this change, others are unsure how quickly it could happen since Gensler’s term officially lasts until 2026.
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