Why was it important to divide those responsibilities between existing agencies rather than create an entirely new regulator, as some have proposed? Well, The regulators currently under the SEC and the CFTC are actually pretty good with the Trump appointments that we have. The concern would be what would happen if we ever slip back into an era as we had in particular with Gary Gensler at the securities and Exchange Commission. (03:09–03:16)
CLAIM
Asserts that the current regulators under the SEC and CFTC are effective due to Trump-era appointments.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
