Bessent Pledges to Lead Broad Overhaul of Financial Regulation

Also, SEC's Peirce gets warm reception from investment advisers; McKernan, Pulte and other nominees approved by Senate Banking

Treasury Secretary Scott Bessent, in his first major speech since taking office, laid out the “Three Pillars of the America First Economic Agenda.” And most notably, the first pillar he chose to mention wasn’t taxes or tariffs, but overhauling financial oversight. It’s an effort that the former hedge fund manager stressed he will lead himself.

“The regul…