Former SEC Chair Gary Gensler discusses with Bloomberg’s Dani Burger and Isabelle Lee the consequences a change in Congress could mean the financial sector.
A change in congressional leadership, no doubt, will start a round of wide-ranging hearings into what has been done these past two years — on consumer and investor protection, housing, prediction markets, private credit, AI funding.
Gary reminds us that there’s a long history of getting things done in the last two years of a presidential terms. There may be many things on which the two parties could find consensus — on AI safety, on lowering tariffs, on ending the Iran war — but ultimately any bipartisan legislation depends on President Trump agreement.
And yes — starting Wednesday — the starter’s gun has gone off for the 2028 presidential elections.
The next two years may also play out amidst a retrenchment from the AI investment boom, a repricing of financial markets, and the associated economic consequences.
Listen to the full interview here: Gensler Sees Market Repricing Ahead 6:31
To hear more on Gary & Simon’s views on what’s next after the US midterm elections you can also listen to Episode 36: The Midterm Elections: What’s Next?.