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Gary Gensler chaired the U.S. SEC under President Biden, leading an aggressive enforcement campaign against crypto firms before leaving office in 2025.
No evidence-backed relationships are recorded.
Apollo chief economist Torsten Slok warns AI agents could move household cash out of 0.1% checking into accounts paying up to 5%, in near-unison. Banks lend that cash out assuming it stays put, and losing it would take away the cheap base that makes their lending profitable.
Reality
Three federal agencies moved on crypto rules within 48 hours of the Senate's 49-50 vote that stalled the Clarity Act. Only the stablecoin rules sit on a statute, so businesses using the SEC and CFTC relief hold permissions a later administration can withdraw.
Perspective Coverage
3 publishersReality
Senators killed crypto's Clarity Act on September 15 when a procedural vote fell short of the 60 votes it needed. Any product that rests only on current agency posture now needs a costed fallback in next year's compliance budget.
Reality
A September 15 cloture vote needs 60 votes, and only 14 working days remain before the October recess. The SEC is drafting a token exemption in the meantime.
Perspective Coverage
3 publishersReality
The CFTC chair has told staff to draft leveraged trading and DeFi rules under existing authority. A framework built by an agency is one a future agency can unbuild.
Perspective Coverage
5 publishersReality
Coinbase, Robinhood and Gemini already run tokenized stock trading abroad. The SEC's conditions on holder rights and issuer objection now tell them what a US version has to do, for the next five years.
Reality
Jessica Wachter asked how fast hyperscaler earnings must grow to justify nearly $1.1 trillion of spending through 2027. Her answer is a 2.7x productivity gain by 2030. Anyone forecasting an AI budget now has a number to test.
Reality
The prior SEC brought 95 recordkeeping actions carrying $2.3 billion in penalties, roughly $24 million apiece, while FINRA's 2026 oversight report keeps finding the same retention and supervision gaps through exams that produce no published number.
Reality
No AI-specific rule governs advisors, but Regulation S-P and the books-and-records rule already do. ACA Group's survey says most firms have no policy for what vendors do with client data.
Reality
The SEC proposed exempt-offering caps, the CFTC threatened to write its own regime, and Trump asked for a Clarity Act he can sign. The US rulebook gets drafted either way.
Reality
Nearly 40 action items, most designated deregulatory, and a majority that were absent from last year's list. Compliance calendars and capital-formation routes are both about to move.
Reality