What You Need to Know
- If approved, his nomination must be approved by the full Senate.
- During his nomination hearing, Gensler answered questions on the GameStop Reddit squeeze.
- He also discussed cryptocurrency regulation.
The Senate Banking Committee will vote at 2 p.m. Eastern time Wednesday on Gary Gensler’s nomination to be chairman of the Securities and Exchange Commission.
If approved, Gensler’s nomination will then move to the full Senate.
During his nomination hearing on March 2 before the committee, Gensler laid out the steps he’d consider to address the recent market volatility related to the GameStop trading frenzy, as well as his approach to regulating cryptocurrencies.