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Prepared Remarks of Gary Gensler “Kennedy and Crypto” At SEC Speaks

· 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, growth, investment and productivity

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiPrepared Remarks of Gary Gensler “Kennedy and Crypto” At SEC Speaks

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

Why it mattersGensler wants crypto platforms to split their conflicting roles into separate entities.

Problems raised
  1. Crypto intermediaries mix many functions.
  2. This creates conflicts of interest.
  3. Investors are exposed to risks.
Solutions proposed
  1. Register each function separately.
  2. Split functions into separate entities if needed.
  3. Apply the investment contract framework.
Read full speech on sec.gov ↗

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