Gensler Survives Marathon House Hearing, But Gets Notable Pushback From Democrats on Some of His Top Rules

Also, Chopra wants revamp of deposit insurance that hits large banks the hardest; PCAOB plans to review more audits and step up scrutiny of crypto

“We’re under new management, in a new Congress,” Patrick McHenry told SEC Chair Gary Gensler this morning. “So please get comfortable. We expect to get through a lot today.” The chairman’s advice was on point.

Gensler, who as Republicans repeatedly noted hadn’t appeared before the House Financial Services Committee in some 18 months, got plenty of incomi…