Car Keys, Football, and Effective Administration
· 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
GG · Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiCar Keys, Football, and Effective AdministrationContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.
Why it mattersOne of the outgoing SEC chair's last speeches defends his crypto enforcement record in court.
Problems raised- Some crypto offerings ignore securities laws.
- Intermediaries are not always properly registered.
- Investors waited two days for sale proceeds.
Solutions proposed- Keep enforcing the law whatever the form of the security.
- Register and regulate brokers, exchanges and clearinghouses.
- Move to one-day settlement.
Read full speech on sec.gov ↗More from Gary Gensler · U.S. Securities and Exchange Commission · all speeches
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