New Jersey Sues Smith & Wesson Over Its Gun Promoting

President Biden expresses solidarity with the workers of the Amazon who want to unionize. In a video posted on Twitter, Mr. Biden avoided direct confirmation of efforts to form a union in an Alabama warehouse. But he warned that “there should be no intimidation, coercion, threats, no anti-union propaganda”.

Gary Gensler, President Biden’s nominee to lead the Securities and Exchange Commission, is a frequent question as a professor at MIT. Today, however, his audience consists of senators from the banking committee who review his nomination by asking him about some of the same subjects as his students – like cryptocurrency and financial market installations – in a more pointed manner.

The Republicans’ focus, One person familiar with the thinking of the committee’s minority told DealBook: will be entered on Mr. Gensler’s file as Chairman of the Commodity Futures Trading Commission under President Barack Obama. They believe that it showed a tendency to advocate regulation “aggressively” and to push regulatory power to its limits. They fear that he will write rules to advance liberal political priorities, with a particular focus on climate change.

Business climate information will be a hot topic. The SEC announced last week it would take a closer look at corporate climate statements, and Mr Gensler’s opening statement called for greater transparency and accountability in our markets in general. Democrats say they welcome this.

  • “I will be closely monitoring Gary Gensler’s responses on topics such as climate risk disclosure, corporate diversity and investor protection,” said Tina Smith of Minnesota.

  • New Jersey’s Bob Menendez intends to ask for increased disclosure of corporate policy issues, a spokesman said. He wants companies to reveal more about their donations and get shareholder approval for the spending.

  • Chris Van Hollen from Maryland is curious about the timing and disclosure rules and limits of insider stock dealing.

And then there is GameStop. Committee chairman Sherrod Brown, Democrat of Ohio, railed against Wall Street during the meme stick rush, and this episode is sure to come up today. A spokesman for Jack Reed, Democrat of Rhode Island, said he intended to investigate Mr. Gensler about paying for the order flow.

The Bitcoin Senator meets the blockchain professor. Cynthia Lummis, a Republican from Wyoming, is the first female Senator to hold Bitcoin. According to a spokesperson, it will focus on the nominee’s commitment to “financial regulations that encourage innovation.” Mr. Gensler, who teaches cryptocurrency courses at MIT and is also a former Goldman banker, should be a game. Alluding to his work at the intersection of finance and technology, the banker-turned-regulator and academic cautiously acknowledged the pledge of fintech in his statement, saying that the rules must evolve with new tools.

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