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US Senate votes to confirm Gary Gensler as SEC chair

Published 04/14/2021, 01:08 PM
Updated 04/14/2021, 02:40 PM
US Senate votes to confirm Gary Gensler as SEC chair

Voting mostly along party lines, the U.S. Senate confirmed the nomination of Gary Gensler to chair the Securities and Exchange Commission, or SEC.

In a vote of 53-45 today, the Senate members confirmed the former chair of the Commodity Futures Trading Commission, or CFTC, to lead the Securities and Exchange Commission. Gensler, a professor at the MIT Sloan School of Management, volunteered to join then President-elect Joe Biden’s team as a financial expert in November. Biden announced the former CFTC was his pick to chair the SEC shortly before his inauguration in January.

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