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In May, Dave predicted that the SEC was unlikely to slow down or stop its rulemaking activity this summer, as sometimes happens in these summer months before a Presidential election. We haven’t seen the Spring 2024 Reg Flex Agenda yet, but this recent Q&A on the Capitol Account Substack with Commissioner Hester Peirce seems to confirm Dave’s suspicions. Here’s an excerpt:

Capitol Account: There’s a lot of rules still in the pipeline at the SEC, but there hasn’t been an open meeting for a while. Are things finally slowing down?

Hester Peirce: No. People have been working very hard. I don’t think that’s changed. There’s a lot of work between open meetings…Chair Gensler still has a busy agenda.

CA: There’s an election coming up and the Congressional Review Act deadline looming. You don’t see the chair taking his foot off the gas at some point?

HP: When he’s in a job, he works hard. That’s going to continue…We’ve done a lot of rulemaking, and I think Chair Gensler is still intent on doing more. I look at his regulatory agenda as my guide, and it’s pretty chock-full.

Commissioner Peirce also discusses crypto regulation, shifting policies in new administrations and her views about being in the political minority on the Commission. Take a look at the full interview.

– Meredith Ervine