The Securities and Exchange Commission is weighing additional disclosures for “green” fund managers and more stringent cryptocurrency regulations, according to Chairman Gary Gensler.
Mr. Gensler has asked staff for recommendations about whether a fund manager should disclose the criteria underlying how it brands itself as “green,” “sustainable,” or “low-carbon,” he said Wednesday in a virtual speech before the European Parliament’s Committee on Economic and Monetary Affairs.
The SEC is also working on a rule to mandate that public companies disclose climate-related risk, Mr. Gensler noted.
“In both cases, we’re looking at qualitative as well as quantitative disclosures,” he said. “We’ll put it out to consultations hopefully later this year and early next year and then we’ll hear from the public on the economics and on what works best.”
With respect to cryptocurrency, Mr. Gensler reiterated a sentiment he made during a speech last month in which he…