🌋 Gary Gensler's Recent Remarks
posted 27 Oct 2023
In yesterday’s speech, the SEC Chair highlighted the commission's accomplishments in the past year and reaffirmed his views on crypto industry regulation.
Key points:
Key points:
- “We filed more than 780 actions, including more than 500 standalone cases. We obtained judgments and orders totaling $5 billion. Our work led to $930 million distributed to harmed investors.”
- “Every day, we work to advance our mission and ensure the markets work on behalf of investors and issuers, not the other way around.”
- “Most crypto intermediaries—transacting in these crypto asset securities—are subject to the securities laws as well.”
- “We obtained 133 bars on individuals from serving as officers and directors—our highest in a decade. And don’t get me started on crypto. I won’t even name all the individuals we’ve charged in this highly noncompliant field.”
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