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We’ve Seen This Story Before - remarks before the Piper Sandler Global Exchange & Fintech Conference

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

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiWe’ve Seen This Story Before - remarks before the Piper Sandler Global Exchange & Fintech Conference

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

Why it mattersGensler compares crypto lending and staking to past cases that required registration.

Problems raised
  1. Crypto platforms ignore securities laws.
  2. Lending and staking offerings lack disclosure.
  3. Investors are put at risk.
Solutions proposed
  1. Require these offerings to register.
  2. Provide proper disclosures to investors.
  3. Keep enforcing as in past cases.
Read full speech on sec.gov ↗

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