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Gensler: I’m with Roosevelt and Jack: Benefits of Mandatory Disclosure
Good afternoon. Thank you, Merritt. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff. Today, Columbia is honoring Jack Coffee, a leader of securities law scholarship and policy. I hope Columbia one day might invite me back to celebrate your career, Professor Fox. Caveat inviter, though, at the SEC, we are Merritt neutral. I’m going to focus on one of Jack’s earlier works from 1984 when the SEC was just 50 years old. Now, I know this likely is before all the students in the room ... (full story)
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SEC Chair Gary Gensler says crypto markets 'could use a little disinfectant'
The crypto market could use some "disinfectant," said Securities and Exchange Commission Chair Gary Gensler, making his latest dig at the industry. During a speech on Friday at the Columbia Law School conference, Gensler spoke about the need and benefits of disclosures in general in the financial markets, such as on climate and cyber risks. Gensler said that disclosures provide for more efficient markets and ultimately protect investors. "There are participants in crypto securities markets that seek to avoid these registration requirements," Gensler said in his prepared remarks. "No registration means no ... (full story)