CFTC Ranked Worst Workplace To Work During Gensler’s Reign

• CFTC ranked as the worst workplace under Gensler’s leadership.
• Employees at the CFTC unionized soon after Gensler left.
• The CFTC staff is under pressure as they attempt to implement the revamp of Wall Street regulations.

Eleanor Terrett, a journalist at Fox Business, in a recent post on Twitter, reported that the Commodity Futures Trading Commission (CFTC) was one of the worst workplaces during Gary Gensler’s tenure.

According to the federal watchdog, the CFTC staff was under constant pressure as they attempted to implement an ambitious revamp of Wall Street regulations spearheaded by Gensler. A report published by the SEC inspector general said that agency managers were concerned that the uptick in rulemaking activity was stretching the staff thin.

During Gensler’s tenure from 2009-2014, labor unrest was seen on several occasions as he dealt with widespread criticism for his expansive regulation plan, which, if put into place would shake up markets and businesses. Following the 2008 Wall Street disaster, Congress enacted broad financial market regulations, which Gensler oversaw while being the head of the derivatives regulator. Employees at the CFTC unionized soon after Gensler left.

Earlier this week, Gensler was seen voicing support for a potential increase in the CFTC’s authority over the crypto sector. At an event at Georgetown University, Gensler was seen advocating the idea of Congress granting more authority over certain tokens to the U.S. commodities regulators.

Gensler told the audience at Georgetown University:

I think the CFTC could well have greater authorities. They currently do not have direct regulatory authorities over the underlying non-security tokens.

Subsequently, as tensions over the SEC’s Biden-era agenda reach a breaking point, Senate Democrats are privately pleading with Gensler to slow down and take more time for feedback on a spate of measures unsettling Wall Street regulations.