SEC Chair Gensler faces GOP criticism in Senate Banking hearing

Securities and Exchange Commission Chair Gary Gensler is on Capitol Hill, being questioned by the Senate Banking Committee. Gensler's regulatory approach drew criticism from Republican Senator Tim Scott, who accused him of hindering pro-growth initiatives and potentially increasing costs for public companies with climate disclosure rules. Scott emphasized the need for a slower regulatory pace stating, "the break-neck pace you are pumping out regulations should not be applauded." Gensler continues to defend his agency's decisions. Yahoo Finance's Jennifer Schonberger delves into the details of the hearing.
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