He responded saying “we don't want to undermine the protections we have in a $100 trillion capital market,” adding:
“We don't want our current stock exchanges, mutual funds, or public companies to, sort of inadvertently by a stroke of a pen, say ‘you know what, I want to be non-compliant as well, I want to be outside of this regime that I think has been quite a benefit to investors and economic growth over the last 90 years.’”
The bipartisan Lummis-Gillibrand “Responsible Financial Innovation Act” aims to address many facets of crypto regulation such as tax treatment of digital assets,One provision of the bill gives “clear authority” to the Commodity Futures Trading Commission over digital asset spot markets, Gensler has long been adamant in
hopefully when DAOs become mainstream we will lose the need for the SEC, as the people will govern themselves really. Imagine people for example using bitDAO to stop bad projects and help good ones in comparison
all the big sources want to hide this
meh.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »