Gary Gensler responds to Trump’s statements about his possible resignation

In a recent interview with Bloomberg, SEC Chairman Gary Gensler responded to statements made by former President Donald Trump about the crypto market. Trump had announced plans to set up a new crypto platform and suggested he would fire Gensler if re-elected.

Asked for his response to these comments, Gensler chose not to respond substantively. He stated: “I’m not going to comment on this. I think your audience understands that.”

Focus on transparency and investor protection

In the interview, Gensler emphasized the importance of transparency in the securities markets. He stated that while decentralized technology in itself does not violate regulations, it is crucial that investors receive complete and clear information to make informed decisions.

Gensler clarified that the SEC is strongly committed to transparency and protecting investors from potential conflicts of interest. He pointed out that the lack of essential information within the crypto market has already led to significant financial losses. The goal of the SEC, he emphasized, is to create a safe and reliable market in which investors feel well protected.

Response to legal challenges

When asked about the impact of legal challenges from the Fifth Circuit Court of Appeals on the SEC’s policies, Gensler emphasized that the SEC always aligns its policies with legal frameworks and court rulings. He said the SEC’s focus remains on reducing costs and risks in the capital markets. This includes reforming stock markets and increasing transparency in government bond and fixed income markets.

Gensler also expressed concerns about the growth of private credit companies that bundle private assets into retail-friendly products such as ETFs. He emphasized that the SEC plays an important role in regulating these products to ensure that investors remain well protected.