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Testimony Before the U.S. House Financial Services Committee

· Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission (United States)

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· Paul S. Atkins · U.S. Securities and Exchange Commission WikiTestimony Before the U.S. House Financial Services Committee

ContextYearly oversight hearing before the House Financial Services Committee for the SEC, the agency that protects investors and oversees US securities markets.

Why it mattersPresents to the House the SEC's agenda: simpler company reporting, clearer crypto rules and action against fraud from abroad.

Problems raised
  1. Public company reports are too long and unclear.
  2. Crypto regulation lacked clarity.
  3. Cross-border fraud evades US protections.
Solutions proposed
  1. Streamline periodic reporting.
  2. Develop a joint token taxonomy under Project Crypto.
  3. Pursue fraud and cut costs of market data systems.
Read full speech on sec.gov ↗

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