SEC

In remarks at FINRA’s annual conference, Securities and Exchange Commission chair Gary Gensler spoke on the agency’s work collaborating with commodities regulators to rein in cryptocurrency trading.

His remarks amplified earlier calls to regulate crypto-trading following a significant drop in the market which cost crypto-investors billions.

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The Securities and Exchange Commission (SEC) Office of Minority and Women Inclusion (OMWI) has released a report on the efforts of the SEC and regulated entities to further diversity, equity and inclusion goals.

The voluntary assessment from regulated entities showed high levels of internal initiative to foster diverse and inclusive policies and practices.

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In a recent speech, the chair of the Securities and Exchange Commission (SEC), Gary Gensler, doubled down on the commission’s plans to require regulated companies to report climate-change related activities.

This move triggered indignation from Republican officials on the commission and in Congress.

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Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) are developing bipartisan legislation designed to establish a regulatory framework for the crypto industry. The senators are trying to address safety and consumer protection concerns while providing stability and oversight to the digital asset markets.

Treasury Secretary Janet Yellen has also spoken publicly for the first time about the role Treasury will take in the future crypto regulatory framework; and SEC Chair Gary Gensler continues his efforts to expand investor protections in the crypto markets.

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A recent report from the International Organization of Securities Commissions (IOSCO) examined the risks, benefits, and realities of the fast-growing decentralized finance (DeFi) industry. The report looked into each layer of a DeFi structure to develop a comprehensive understanding of the decentralized nature of these systems.

IOSCO found the distributed ledger technology may not be as decentralized as the name suggests.

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The Securities and Exchange Commission (SEC) announced new rules for regulated public companies regarding disclosures relating to climate change and climate-related risks. These proposed disclosure requirements would have to include both climate-related risk management as well as specifics about greenhouse gas emissions from the registrant-company’s activities.

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Rep. Tom Emmer (R-Minn.) and seven other members of Congress have sent a letter to the Securities and Exchange Commission (SEC) Chair Gary Gensler asking for answers regarding the probing of crypto companies.

The questions were primarily focused on the use and scope of the SEC’s authorities in its Division of Enforcement and Division of Examination.

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The Securities and Exchange Commission (SEC) proposed a rule amendment that would increase requirements of companies when disclosing information about cybersecurity risks and responses to those risks.

The proposed amendment would require, among other things, current reporting about cybersecurity incidents and periodic reporting of updates about previously reported cybersecurity incidents.  

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Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw wrote about decentralized finance in an article published in The International Journal of Blockchain Law.

Crenshaw discussed the similarities between DeFi offerings and products and those in the traditional financial marketplace, the potential issues with unregulated markets, the SEC’s role in regulating DeFi, and the structural problems with DeFi that need to be addressed.

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Securities and Exchange Commissioner (SEC) Caroline Crenshaw delivered remarks at SEC Speaks, a two-day program presented by the agency in cooperation with the Practicing Law Institute.

Crenshaw spoke about the potential benefits of digital assets, and what needs to be done to promote innovation, develop markets both accessible and resilient, and provide appropriate investor protections.

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