Visa axes Plaid deal – Gensler reportedly tapped as new SEC chair – Inside SoFi’s plans to go public

Visa axes Plaid deal – Gensler reportedly tapped as new SEC chair – Inside SoFi’s plans to go public

Guess who's back?

Gary Gensler, the former chair of the CFTC, is set to be picked by President-elect Joe Biden as the next chair of the SEC, according to a report from Reuters.

Gensler is quite an adjustment (to put it mildly) from former SEC chair Jay Clayton. Gensler was known for overseeing plenty of new regulation in the wake of the financial crisis, including implementing rules around how complex derivatives are traded and managed by financial firms.

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Visa is scrapping its $5.3 billion deal to buy Plaid after DOJ antitrust lawsuit























Zach Perret CEO and cofounder of Plaid





Plaid





Visa's $5.3 billion deal for Plaid wasn't the biggest of 2020, but its implications were far reaching.

Plaid is the startup you might not have heard of, but have definitely used. The fintech essentially acts as the back-end piping for the world of digital finance, connecting banks