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Prepared Remarks before the Small Business Capital Formation Advisory Committee

· 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 WikiPrepared Remarks before the Small Business Capital Formation Advisory Committee

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

Why it mattersGensler urges caution on crypto products that lack mandated disclosures.

Problems raised
  1. Small firms need alternative ways to raise capital.
  2. Crypto products often lack mandated disclosures.
  3. Investors face many risks in crypto securities.
Solutions proposed
  1. Discuss crowdfunding and angel investing.
  2. Keep full and truthful disclosure as the basic bargain.
  3. Urge investors to be cautious about crypto risks.
Read full speech on sec.gov ↗

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