(b. Oct 18, 1957, Baltimore, MD) Biden nominated the longtime Clinton operative to head the Securities and Exchange Commission in February 2021, and Gensler was confirmed by the Senate and then sworn in as chairman of the Wall Street regulatory agency two months later. Notably, the SEC press release announcing his appointment and detailing his personal biography omitted his prior role as chief financial officer for Hillary Clinton’s 2016 election team, where he managed the campaign budget, including expenditures that weren’t properly reported. He is also a professor in the practice at the MIT Sloan School of Management and worked at Goldman Sachs, where he was a partner and co-head of finance.
He favored big business in the Gamestop scandal and not only failed to spot the FTX crimes (likely because he was knee deep in it) — he appeared set to go along with a legislative strategy that would have given SBF a regulatory moat and made him king of the U.S. crypto market. In 2015 and 2016, he ran Hillary’s campaign finances at the same time millions moved from her campaign to entities with the sole purpose of making up a Russia collusion story that eventually led to spying on candidate and then President Trump. When Hillary Clinton was putting together her 2016 Presidential campaign, she brought in Gary Gensler as her Chief Financial Officer. Under President Obama, Gensler served as chair of the U.S. Commodity Futures Trading Commission (CFTC) from 2009 to 2014, where he attacked Bernie Sanders’ emphatic proposals to reform Wall Street.
Gensler’s attacks on Sanders came across as hollow given that the Clinton campaign, whom Gensler was in charge of campaign finances, was largely silent on the issue that defined Gensler’s legacy – the regulation of derivatives – and the undermining of that legacy by the man Obama chose to succeed him. Gensler also worked with Hillary’s attorney Marc Elias, who was Hillary’s general counsel at the time, in creating the Hillary Victory Fund, according to Bloomberg in a piece in June 2016.
The Hillary campaign, led by Gensler, took over the DNC’s financials and then hid how the money was being spent by funneling it through its attorney Elias and Perkins Coie. Millions were passed onto its attorneys where they used this money for activities being investigated by the Durham investigation now. The Clinton campaign paid Perkins Coie $5.6 million in legal fees from June 2015 to December 2016, according to campaign finance records, and the DNC paid the firm $3.6 million. This all happened while Marc Elias was general counsel and Gary Gensler was CFO of the Hillary campaign.
He had also previously served as chair of the Maryland Financial Consumer Protection Commission. Gensler holds an undergraduate degree in Economics and an MBA from The Wharton School at the University of Pennsylvania. Gensler began his career in 1979 at Goldman Sachs, where he became a partner in mergers & acquisitions and co-head of finance.
Gensler also taught at MIT with Glenn Ellison, the father of Caroline Ellison, the famous girlfriend of faux CEO Sam Bankman-Fried of the failed deep state Ponzi slush fund, crypto exchange front company FTX. Bankman-Fried was given favorable treatment from Gensler as SEC chairman. It was Gensler who not only failed to spot the FTX crime — he appeared set to go along with a legislative strategy that would have given SBF a regulatory moat and made him king of the U.S. crypto market.
House member Tom Emmer (R-Minn.) tweeted after the scandal broke that “@GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly.”
In December 2022, it was revealed that Gensler had been hiding meetings from his official calendar per FOX News.
Securities and Exchange Commission (SEC) Chairman Gary Gensler scrubbed mention of a meeting with former Secretary of State Hillary Clinton and key details of a meeting with billionaire Democratic donor George Soros from the public version of his calendar.
Gensler’s public calendar showed that he only had a staff meeting on Aug. 7, 2021, while his private calendar lists a meeting with Clinton, according to a Fox News Digital review. And on Aug. 20, 2021, his public calendar lists a meeting with Soros but hid the meeting’s agenda, which his private calendar shows was to discuss a forthcoming Wall Street Journal op-ed the business magnate was planning to write.
Gensler’s private calendar revealing the discrepancies was obtained by the watchdog group Energy Policy Advocates and shared with Fox News Digital. The group was only able to obtain the internal records after filing a Freedom of Information Act lawsuit against the SEC.
In recent days, around the time Fox News Digital contacted the SEC, the agency updated Gensler’s public calendar to include his meeting with Clinton in August 2021. As recently as Wednesday the public calendar didn’t include the meeting, and archived copies of the webpage from April also list just a meeting with staff…
…Archived copies of Gensler’s public calendar also show the SEC hid September 2021 meetings with House Speaker Nancy Pelosi, D-Calif., and Washington, D.C.-based consultant Minyon Moore, a former White House official. The public calendar has now been updated to show those meetings as well.
Gensler clearly didn’t want people to know who he was meeting with, suggesting that there may have been something shared at the meeting that they didn’t want revealed. In 2022, Gensler also met with FTX’s former CEO, SBF, and Joe Biden.
Gary Gensler’s controversial tenure as chairman of the Securities and Exchange Commission could reach peak drama over a 45-minute Zoom call with Sam Bankman-Fried, the former crypto wunderkind at the center of the largest debacle the $1 trillion digital coin industry has ever witnessed.
On March 23, some eight months before Bankman-Fried’s crypto empire collapsed and was forced into bankruptcy, Gensler granted what some crypto players are calling an unusual meeting to the then-billionaire and prolific fundraiser for Democratic candidates, including his boss, President Biden.
What else is Gensler hiding?
In March of 2022, the Federal Election Commission fined both the Clinton campaign and the Democratic National Committee for violating campaign finance laws by falsely claiming that more than $1 million used for the Steele dossier and other opposition research against candidate Trump was for “legal advice and services.”
Durham has sought these and other financial records as part of his investigation and has interviewed several former Clinton campaign officials including Mook, who handled opposition-researching spending and other budget matters and consulted with Gensler’s office during the campaign.
Patel said investigators would be wise to continue following the money trail. He maintained that he and other lawyers on the House Intelligence Committee found that the Clinton campaign failed to report the proper purpose of millions of dollars in additional funding.
“They need to keep digging, because there’s at least $10 million and maybe $20 million more that went directly into opposition research,” Patel said, adding that the Clinton effort to frame Trump as a Russian agent was “massive.”
In 2021, Gensler named Melissa Hodgman his associate director of enforcement.. She happens to be married to disgraced former FBI official Peter Strzok, who’s also implicated in Durham’s probe. Strzok led the investigation of Trump and his campaign, codenamed “Crossfire Hurricane,” before he was fired in 2018 over anti-Trump texts he exchanged with his mistress, former FBI lawyer Lisa Page.
As adviser to the head of the SEC’s enforcement division, Hodgman currently is helping oversee an investigation into Trump’s social media start-up, Truth Social. According to regulatory filings, the SEC last month served Trump Media & Technology Group with a federal subpoena for records. The company owns Truth Social, Trump’s answer to left-leaning Twitter, which kicked him off its platform last year over remarks he made concerning the Jan. 6 riot.
The SEC reportedly wants to know more about merger talks between Trump’s parent company and Digital World Acquisition Corp., a publicly traded company regulated by the SEC. RCI contacted the SEC about the investigation and Gensler’s previous work for the Clinton campaign, but did not hear back.