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Prepared Remarks Before the Financial Stability Oversight Council: Annual Report

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

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, financial stability, payments, digital money and crypto-assets, trade, fragmentation and geopolitics

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiPrepared Remarks Before the Financial Stability Oversight Council: Annual Report

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler highlights crypto non-compliance in the year of FTX's collapse.

Problems raised
  1. War, commodities and tightening raise uncertainty.
  2. Crypto markets are speculative and volatile.
  3. Much of crypto does not comply with the law.
Solutions proposed
  1. Monitor risks in the FSOC annual report.
  2. Bring crypto into compliance.
  3. Protect investors from crypto risks.
Read full speech on sec.gov ↗

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