Gensler Confirmation Nowhere in Sight as GameStop Tests SEC Role

Jan. 28, 2021, 5:21 PM UTC

The GameStop frenzy roiling Wall Street has caught the Securities and Exchange Commission operating under temporary leadership, and the Senate has yet to schedule a hearing for President Joe Biden’s pick for the agency, Gary Gensler.

Gensler’s eventual confirmation is a virtual certainty, but it could take weeks or months for the Senate to approve him, as the chamber is focusing first on Biden’s cabinet-level nominations, as well as virus relief and former President Donald Trump’s impeachment trial.

Gary Gensler
Photographer: Andrew Harrer/Bloomberg

Gensler has a reputation as a tough regulator, and he’s supported by incoming Banking Chair Sherrod Brown. ...

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