One year as SEC chairman: Restoring trust, clarity, and American leadership
Over the past year as SEC chairman, efforts have focused on restoring the agency's core mission of investor protection and market integrity. Regulatory clarity has been prioritized, particularly in emerging areas like digital assets, to encourage innovation and reduce burdensome compliance risks. The agenda also includes reversing the decline in public listings by reforming disclosure requirements and reducing barriers to going public.
- ▪The SEC has shifted away from the prior administration's 'regulation by enforcement' approach, focusing instead on combating fraud, market manipulation, and abuses of trust.
- ▪The agency launched Project Crypto with the CFTC to provide clearer regulatory boundaries for digital assets and promote innovation in the U.S.
- ▪The SEC has adopted policies to protect companies from frivolous litigation and reaffirmed its role as a disclosure, not merit, regulator.
- ▪A new initiative aims to reverse the 40% decline in publicly listed companies over the past three decades by reducing reporting burdens and encouraging IPOs.
- ▪The chairman calls for Congress to pass the CLARITY Act to codify regulatory reforms for digital assets and strengthen the legal framework for market innovation.
Opening excerpt (first ~120 words) tap to expand
When President Donald Trump asked me to lead the Securities and Exchange Commission, my mandate was clear: restore clarity, integrity, and trust to an agency that had lost sight of its core mission. One year later, we are delivering on that mission, and the most important work still lies ahead. I inherited an agency that had drifted — deliberately and consequentially — from Congress‘s original intent. The division charged with preventing fraud and protecting investors had reoriented itself around generating media headlines rather than generating safer markets. Regulators sacrificed clear guidance for unchecked discretion, and political ambition replaced investor protection and capital formation.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.
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