SEC Continues to Defend Gensler Stock Trading Rules in Court

Also, Democrats raise concerns about Trump-linked stablecoin; Treasury general counsel nominee details client roster; administration contests CFPB ruling; Pulte's moves draw lawmaker queries

The SEC’s new Republican majority has been dropping its legal defense of many of Gary Gensler’s actions, part of a broader effort to wipe his aggressive agenda off the books. Last week, it formally backed away from the controversial climate disclosure plan. Cases against major crypto firms have also been jettisoned. Still, there are exceptions.

Take Gens…