SEC chair Gensler Worries ‘People will be Hurt’ Without Crypto, SPAC Regulations: Report

Securities and Exchange Commission Chairman Gary Gensler shed light on an array of hot-button topics — expressing his belief that “people will be hurt” if cryptocurrency markets are allowed operate beyond the remit of regulators, and voicing concerns that SPACs leave public market investors vulnerable, Fortune reports.

During an interview with former federal prosecutor Preet Bharara at Vox Media’s Code Conference in Beverly Hills, Calif., Gensler described himself as “technology-neutral” when it comes to the evolutions currently reshaping financial markets and securities. But he added that he was not neutral as far as ensuring investors “are getting a full and fair disclosure” when investing in novel products like cryptocurrencies and SPACs. Read more.

Total
0
Shares
Related Posts
Market Bubble
Read More

Are SPACs in a Bubble?

More than half of the IPOs in 2020 were done through SPACs. So is the current market sustainable, or is there indeed a bubble that will pop at some point? Benzinga explores this question.