Democrats turn on Biden SEC chair over increased regulation ('a politician masquerading as a regulator')

Fox Business ^ | 12/25/23 | Brandon Gillespie

[Libloather]

Some House Democrats and Biden administration officials appear to be souring toward Securities and Exchange Commission (SEC) Chairman Gary Gensler over his readiness to increase regulation on certain financial industries.

An already frequent target of Republican attacks, Gensler has ended 2023 drawing sharp criticism over what some have called his "outsized influence" when it comes to rulemaking and enforcement.

"Gary Gensler is a politician masquerading as a regulator," Rep. Ritchie Torres, D-N.Y. said, according to a November report by Fortune.

Torres, a supporter of the cryptocurrency industry, has been increasingly critical of Gensler, who has attempted to exercise greater authority over the market by implementing more rules for investment in the wake of cryptocurrency exchange FTX's collapse last year.

The congressman grilled Gensler in a September House Financial Services Committee hearing over "investment contracts," which he said are "key to determining [Gensler's] authority over crypto."

In October, Rep. Steven Horsford, D-Nev., raised concerns about Gensler's rulemaking and how it could negatively impact small businesses during an interview with Punchbowl News.

"I respect his career and his longevity of service. But I think that it's important that in this moment that we're in that we're not adopting regulations based on what was happening 10 and 20 years ago," he said.

"Our economy is dynamic. AI is dynamic, it's going to change the way work works in this country, right? And at a time when we have regulations that are being adopted, we need to make sure that they are taking into account the changing dynamics of our economy," he said, before calling on Gensler to realize that regulations have real consequences on minority communities while trying to target certain industries.

[ryderann]

Is it too early to start thinking that the new Fetterman is giving the other dems the idea that they can think for themselves?

[Steely Tom]

Obviously he’s making trouble for people who have Brandon on their payroll.

[Vaduz]

Torres, a supporter of the cryptocurrency industry, has been increasingly critical of Gensler.

When you can’t launder money go cryptocurrency it should be outlawed.

[Mr. Jeeves]

"Gary Gensler is a politician masquerading as a regulator," Rep. Ritchie Torres, D-N.Y. said...

And so are all of the other regulators Democrats appoint.

[cgbg]

Yup—the crypto scammers are burying politicians of both parties in bribes.

This is fun to watch.

I saw an interview with Sam the Scam where he said that he had paid Republican politicians bribes just as big as those he had given Democrats—but he did so secretly because he wanted to seem like a “good guy” to leftist media outlets.

All the politicians are so owned.

[catnipman]

crypto has found only three real world uses:

1. perfect vehicle for gambling, basically 21st century version of tulips: great for parting real money from the punters

2. perfect vehicle for fraud, basically the 21st century South Sea Company: great for parting real money from the punters

3. perfect vehicle for evading all financial controls in order to avoid taxes, finance terrorists, fiance rogue nations, and fiance criminals of every ilk ...

aside from those three use cases, no other essential and/or ubiquitous use cases have arisen ...

[proxy_user]

I knew this might happen - when the Democrats become the party of the wealthy, they will most likely switch positions on the regulation of financial institutions.

[JennysCool]

Is it too early to start thinking that the new Fetterman is giving the other dems the idea that they can think for themselves?

I've been thinking for quite awhile that the Dems would eventually tire of being just lockstep yes-men (or yes-women). It seems obvious to me that when all their 2020 candidates suddenly dropped out, leaving only Joe in the running, it was because their god, Obama, had sent out the word that "I'll handle this!"

But the results have been awkward and clumsy at best, and there are plenty of others in that party who have ambitions of their own, and I can see them getting pretty tired of Obama and his crew hogging the power. Some of them by now probably consider their former god pretty much old and in the way.

[ryderann]

Thanks. Hopefully you and I are on to something awakening in the dems.

[TornadoAlley3]

Change the law lazy Congress.

[txnativegop]

Dems are waking up in the sense that all of them want to be a tyrant.
New Mexico governor Grisham, mayors of Omaha and Lincoln, NE come to mind.

We need to stop calling the Democratic Party by that name. It is, and has been, the public face of the Communist Party of the United States for may years. We need to start calling them Communists. JMHO

[Liz]

Another Biden Democrat kiss-up——on her knees to SlowJoe.

---

FR Thread——Michigan Democrat Secy of State Benson:
says RNC Chair McDaniel Could Face Charges for Bribery

Michigan Democrat Secy of State Jocelyn Benson said
<><>b/c RNC chair Ronna McDaniel participated in a phone call w/ Trump
<><>she could be legally liable in the J6 events (which
Benson calls a “2024 conspiracy”.)

Benson added, “A coordinated effort in battleground states to “delay certification” on
J6 was all about a “false slate of electors” being presented to Congress on January 6th.

So what has Benson done about the 1//12/17 observer.com report
<><>that DNC consultants, sisters Alexandra and Andrea Chalupa, being paid to advance Biden
<><>concocted an outrageous elector scheme
<><>they advocated Trump’s state electors “duly elected to the US electoral college” defect from Trump.

So far, the Chalupas’ outrageous bias to get “electors to defect” was ignored. Yet Trump
and those around him have been lambasted for trying to expose the Biden Democrats’ “elector scheme.”

These DNC tactics are directly responsible for, and served as an
impetus, for people to gather at the Capitol J6 to protest certification.

She’s a cunning schemer.....trying to get on Biden’s A-list....
she knows Biden revels in J6 b/c it deflects from his election steal.

Particularly galling is Benson self servingly ignoring the DNC’s outrageous part in this, and her ignorantly saying,”there is no evidence that there was anything wrong,” as she condescendingly refers to “the tragedy of J6 and the events that unfolded that day.”