Lenin E. Lopez’s Post

What could the enforcement of securities regulation look like under the upcoming second Trump administration? Check out our Advisory for a discussion on the SEC leadership appointment process, changes in enforcement priorities, the SEC's whistleblower program, and the SEC's approach toward ESG and cryptoassets. #SEC #enforcement #capitalmarkets #corporategovernance #regulatory #policy

There are expected to be big changes at the SEC under a second Trump administration. First, President Trump is expected to immediately replace Commissioner Gensler. That will start a cavalcade of pending rules and regulations that will be immediately put onto the back burners, unlikely ever to be revitalized. Additionally, there will be a significant decrease in the number of enforcement actions undertaken by SEC lawyers attempting to enforce rules and regulations already on the books. Moreover, the SEC will take a much more friendly tone toward the crypto industry

🚨 Is the SEC about to see a shake-up? 🚨 Kamala Harris's transition team is reportedly exploring candidates to replace Gary Gensler as SEC Chair, with Chris Brummer and Erica Williams emerging as top contenders. Both are seen as more crypto-friendly and could mark history as the first non-white SEC Chair if appointed. 🌍✨ While Brummer and Williams are viewed as progressive voices open to crypto legislation, they also have a strong stance against misconduct in the financial space. However, Harris's team is still weighing the risks of appearing too pro-crypto ahead of the election, potentially alienating some progressive voters. The clock is ticking, but there’s no final decision on Gensler’s future yet. ⏳ #SEC #Crypto #KamalaHarris #GaryGensler #Regulation #ChrisBrummer #EricaWilliams #FinancialRegulation https://lnkd.in/dyxbJ6Pq

Gary Gensler’s ambitious agenda as SEC Chair may be nearing its end due to the recent presidential election victory of Donald Trump, which is expected to shift the SEC’s regulatory priorities. Gensler’s tenure has been marked by a focus on modernizing financial regulations, with plans to issue several proposals and adopt numerous rules by the end of 2024. However, many initiatives might face delays or changes under the new administration, particularly those related to swing pricing, disclosure rules, and crypto enforcement. #SECChair #RegulatoryPriorities #FinancialRegulations #PresidentialElection #RegulatoryChanges #DisclosureRules #CryptoEnforcement #FinancialMarket #ModernizingRegulations #PolicyChanges

"President Biden's influence on crypto discussed as Election Day nears. From regulatory framework executive orders to SEC appointments, the impact on the crypto landscape is being closely watched. Learn more about the evolving relationship between U.S. politics and digital assets!"

So many fascinating points in our lead article last night on Trump SEC pick Paul Atkins (led by our veteran SEC reporter Rob Schmidt): - His agenda is as ambitious as Gensler’s – in mirror image. Regulations repealed, rather than piled on. Crypto welcomed, not sued. Enforcement, in particular, reined in. - Atkins’ return would put him in a majority with two proteges and former aides: Hester Peirce and Mark Uyeda. The opportunity to work with them was a big reason Atkins agreed to return to gov’t/ Both are likely to get big portfolios, w/Peirce leading on crypto.  - Atkins has a rocky history w/staff. Enforcement lawyers gave him the nickname “Commissioner No” because of his propensity to vote against their cases. “During my 31 years at the SEC, he was the most hated commissioner I can remember”- John Britt, a retired enforcement attorney. - Atkins will move fast. Top priorities: Unwinding litigation, rescinding guidance including SAB 121 and a legal bulletin that gives weight to the “broad societal impact” of shareholder proposals, sources say. - Streamlining the SEC too. Atkins has offered numerous ideas, including re-organizing the examinations division, setting up an advisory committee to review the enforcement unit, folding the PCAOB into the commission and drastically paring back Finra. He also once backed a proposal to merge the SEC and CFTC. - We’ve also got a dive into his past writings and statements on his regulatory philosophy, from cost-benefit analysis to enforcement fines to FSOC and more.  Plus, for good measure, coverage of Patrick McHenry’s farewell hearing and Trump’s Vance-inspired antitrust division pick. Link for subscribers:  https://lnkd.in/eU6kDAyM 

The future of DeFi is uncertain as Congress debates its regulatory framework. Republicans advocate for a light-touch approach to foster innovation, while Democrats push for stricter regulations to prevent fraud, citing incidents like the Trump-linked World Liberty Financial scam.

Check out WilmerHale's latest Law360 article (which I penned with Matthew Kulkin, Matthew Beville and Jeff Wieand) where we analyze how the upcoming presidential transition will reshape the CFTC's leadership, rulemaking agenda, and enforcement priorities in 2025 - particularly in areas like crypto regulation, where Republican control of Congress and the White House could significantly alter the agency's direction. 📝 #FinancialRegulation #CFTC #Leadership #Crypto #DigitalAssets #Regulation #Finance #WallStreet #Compliance #RegulatoryPolicy #LegalAnalysis #Law360

With the new administration, securities professionals are eyeing potential shifts in the regulatory landscape. SEC Chairman Gary Gensler's upcoming departure and a new leader for the SEC Division of Enforcement signal possible changes. Under President-Elect Trump, a more business-friendly SEC, especially for digital assets, is anticipated. Recent rulings, like the vacating of the "Dealer Rule," suggest more regulations may be reconsidered. While it's early to predict the new administration's priorities, there's hope for a reduction in high financial penalties and regulation-by-enforcement. For more - https://bit.ly/496Ly1w #SEC #TrumpAdministration #RegulatoryChanges #BusinessFriendly

With the new administration, securities professionals are eyeing potential shifts in the regulatory landscape. SEC Chairman Gary Gensler's upcoming departure and a new leader for the SEC Division of Enforcement signal possible changes. Under President-Elect Trump, a more business-friendly SEC, especially for digital assets, is anticipated. Recent rulings, like the vacating of the "Dealer Rule," suggest more regulations may be reconsidered. While it's early to predict the new administration's priorities, there's hope for a reduction in high financial penalties and regulation-by-enforcement. For more - https://bit.ly/496Ly1w #SEC #TrumpAdministration #RegulatoryChanges #BusinessFriendly