Finance Firms Fret Gensler is Poised to Pull a Power Grab Over a Huge Loan Market

Also, SEC chair talks Ripple ruling and AI; Rep. Himes hints SEC's aggressiveness has spurred more lawmaker interest in legislating crypto

It’s a line that one hears often from crypto firms worried about the long arm of the SEC: Gary Gensler thinks everything is a security. But now the chair’s proclivity for grabbing turf is worrying a much broader segment of finance – banks, hedge funds, private equity firms and other participants in the $2.5 trillion syndicated loan market.

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