The SEC ought not even to need legislation to reach this end. Physical delivery of documents is, with very limited exceptions, not required by the relevant statutes.  

While it is no surprise that Commissioner Crenshaw bemoans the death of the climate disclosure requirements, given that she voted for their imposition, there is likewise no surprise that these requirements were not going to survive the change in Administration. There is no reason that the SEC should waste its resources seeking to defend the challenged rules.  

Under the prior administration, the SEC had a very bad record in defending its rulemakings in court against claims that…

Commissioner Peirce is thinking big. She wants not only to devise a tailored scheme for crypto regulation, but then to use the thinking on that new scheme to rethink how our existing securities regulations might be revised.  

With a letter that runs 34 pages and contains 196 footnotes, Senator Warren demonstrates that within her still beats the heart of an academic. Notwithstanding the number of footnotes, the principal criticisms that she makes, as listed above, don't seem likely to win too many moot court arguments. Here is the flaw in each:

1. The Consolidated Supervised Entity regime did not cause the collapse of the registered broker-dealers. It was largely intended to give…