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Crypto markets need ‘disinfectant,’ says SEC chair

March 22, 2024


United States Securities and Exchange Commission (SEC) Chair Gary Gensler took aim at crypto industry participants, claiming some avoided registration requirements with the regulator.

In a prepared speech released on March 22 for Columbia Law School, Gensler used his closing remarks to criticize crypto firms’ approach to regulatory oversight. The SEC chair spoke in favor of the benefits of mandatory disclosure for market participants, citing Supreme Court Justice Louis Brandeis, who said, “Sunlight is said to be the best of disinfectants.”

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