Retail investors have greater access to markets than at any time in the past.
Gary Gensler
The Public Record
Gary Gensler is the current Chair of the U.S. Securities and Exchange Commission (SEC), having been appointed by President Joe Biden in April 2021. A member of the Democratic Party, Gensler has a background in finance and public service, previously serving as the Chair of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014. He is known for his focus on financial regulation and consumer protection, emphasizing the importance of transparency and fairness in the financial markets. Gensler has also been a professor at the MIT Sloan School of Management, where he taught courses on blockchain technology and digital currencies.
And so when a celebrity or influence is touting it, it`s important that the public understands that relationship.
I actually think there's very clear rules. If you're--if you're raising money from the public and the public's betting on that, you've got to disclose certain things.
Congress painted with a broad brush to protect the public against scammers and fraud and so forth.
I think our job at the SEC is to be that cop on the beat to look out for investors, and to ensure that the markets are free of fraud and manipulation.
So the SEC helps protect the public, when you, the public invest in companies to make sure that you get full and fair disclosure, and that the public is not lied to fraud, right?
Many crypto asset tokens may be unregistered securities, without required disclosures
In my view, the legislative priority should be center of crypto trading, lending, and DeFi platforms.
I think that is what we are trying to do is to ensure that the public is not defrauded and what stands behind those claims.
I think that as we get closer to October 18th, we need to understand that markets can get pretty--they can do things that we don't expect.
[u]ltimately, every pension fund investing in these private funds would benefit if there were greater transparency and competition in this space.
I've suggested that platforms and projects come in and talk to us. . . . I believe that the SEC, working with the CFTC and others, can stand up more robust oversight and investor protection around the field of crypto finance.
It doesn't matter whether it's a stock token, a stable value token backed by securities, or any other virtual product that provides synthetic exposure to underlying securities. These products are subject to the securities laws and must…
I am committed to using notice and comment for new rules, but we still have to enforce the old guidance and old rules as vigorously as you would want us to.
The transparency you mentioned is important between broker-dealers and their customers.
Access to markets as they are moving up and down is a really critical piece of our capital markets.
The SEC has said consistently to issuers, as I understand it, that it would be best not to put this into these corporate charters.
I think that it is important that investors actually have brokers take their best interests to heart, and that is what we are going to do through examination and enforcement guidance, ensure that that rule is fully complied with as written.
If confirmed, I will work with fellow commissioners and SEC staff to complete all rulemakings directed by Congress.
It means promoting efficiency and competition, so our markets operate with lower costs to companies and higher returns to investors.
I think that as the SEC did last year address proxy advisors it is within the authorities...





