chair gensler: i think it does change. what we do here at this agency is look out for every day americans, people just try to save for a better future and trying to move through things that help them, like we have done, like even shortening the settlement cycle from two days to one day might sign -- might sound geeky but it means you get your money one day faster or getting privacy notices. there was no federal rule that you needed to get a notice if your data was hacked and we put in place rules to do that, so we are looking out for everyday americans, trying to lower the cost of the markets but it does not surprise me that there are some in the middle of the market . they are called brokers, dealers, intermediaries, stock exchanges who like their business model and if we are changing the rules to benefit everyday americans, they might have thoughts on that and object. that is part of the process, but our clients ultimately are people at their kitchen tables. david: let me ask you about one facet of that, crypto. you poin

chair gary gensler. as we head to break, a look at yesterday's s&p 500 winners and losers. >> announcer: executive edge is sponsored by at&t business. next level moments need the next level network. at&t has a new guarantee. because most things in business are not guaranteed. like a distraction-free work environment. get those steps in, kevin your coworkers keeping things confidential. oh, she's spilling all the tea. or office etiquette. yeah, that's not guaranteed. i know you can see me. you know what at&t guarantees? connectivity you depend on, the deals you want, and the service you deserve. can i get that logo bigger? or we'll make it right. that's the at&t guarantee. you know what's brilliant? or we'll make it right. boring. think about it. boring makes vacations happen, early retirements possible, and startups start up. that's why pnc bank strives to be boring with your money. the pragmatic, calculated kind of boring. >>> good morning, everybody. welcome back to "squawk box." we are live from the n

. >> today, sec chair gary gensler sits in for an exclusive interview.mberg. >> welcome to bloomberg markets. it is jobs day eve and we are seeing the stock market make a turnaround here, giving up their early losses and inching higher here. he sees inflation cooling and that supports his view for more rate cuts this year. the russell continues to underperform with small caps lagging behind.

chair gary gensler led a crackdown on cryptocurrencies. why you're seeing bitcoin up. scott?right. kristina, thank you. >>> still ahead, wells fargo and citi moving higher following the fed's top bank regulator resigning. what that move might mean for the rest of that space coming up. back to "the bell" after the break. carl: believe me, when it comes to investing, you'll love carl's way. take a left here please. driver: but there's a... carl's way is the best way. client: is it? at schwab, how i choose to invest is up to me. driver: exactly! i can invest and trade on my own... client: yes, and let them manage some investments for me too. let's move on, shall we? no can do. client: i'll get out here. where are you going?? schwab. schwab! schwab. a modern approach to wealth management. >>> we are back. showing you shares of fub owe-tv surging on news of a deal with disney's hulu+ live tv. look at that stock. unbelievable. for more on that story, don't miss a first on cnbc interview with the ceo of fub owe-tv coming up in "overtime" a short time from now. up b up next, what's b

cop is considering the exchange commissions and paul atkinses is slated to replace gary gensler as trump's chairy and cftc and commodity trading commission and regularly enforcement arm, and it's really more important this time around because trump wants the cftc essentially to handle most of the crypto regulation and as you know, he's courted the crypto crowd in the campaign and offered a tighter or laxer regulatory agenda that was under gary gensler that a lot of people criticized for doing regulation by enforcement. the regulation is going to be shifting to the cftc, which generally has a lighter touch, and that appointment hasn't been made yet and we know this is according to ellie tarat sources and has a story on fox business and the trump transition team has vetted a half dozen candidates for cftc chair position in recent weeks and it's coming down the line. we'll hear something pretty soon. those candidates include an degree san, head of -- andressen and merri bowl sen jerkins on the short h short list and kraken is in exchange and crypto exchange and it's former and former santor and i r

the other ones, gary gensler, s.e.c. chairs against the others because many of them are, let's just say, ill advised to buy. >> like farc coin. jim, what's on "mad" tonight? >> are you in your heavy drink phase by 6:00? >> that is the wrong idea. you asked me about brands. >> i know you don't. i know you are a club soda. you are a fresca person. you and my wife are drinking fresca. okay. i have 25 questions for 2025 that i will answer tonight. i was thrilled to work with you today. very exciting. >> fun. counting down. shakespeare references and all. >> who says we're bigger than u.s. steel? >> nippon. >> hyman roth in "godfather." we have companies with that many people. jensen huang monday night. radical. >> jim, thank you. see you later on. coming up, exclusive with the ceo of turo. the car rental service that was used for the deadly truck attack and cybertruck attack in vegas. another hour of squawk on the street" coming up. (♪♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're her

that's because gary gensler is going to resign his post as the chair of the securities and exchange commission when trump takes office, and the sec chief is my inside source tonight, you know, trump has launched his own crypto venture with his family. so he's coming into office with that. his commerce secretary, his pick, if he's confirmed. howard lutnick is a very big crypto enthusiast. i wonder what your expectation is for what that looks like with an administration that is embracing it so much as you just heard from trump there? >> well, right now the public isn't getting the disclosures. they need and are required under the law. and then the so-called crypto exchanges, crypto intermediaries, many of them are co-mingling functions we would never allow in the rest of our markets. and those conflicts are rife. and we know what happens. we know that that's when the public gets harmed. >> well, and on that front, with true social, you know, a majority of trump's wealth now coming from that. have we ever seen a president before who you know, his personal wealth will determine on the direction th