- SEC Chair Gary Gensler underscores the necessity of transparency in crypto markets.
- Gensler suggests the market requires “disinfectant” to address potential shortcomings.
- He warns against repeating historical market collapses due to a lack of transparency.
In a recent address at the Columbia Law School conference, Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated his stance on the necessity of transparency in the crypto markets. Specifically, Gensler suggested the crypto markets could benefit from a “sunlight and disinfectant.”
Gensler expressed this view while emphasizing the significance of appropriate disclosures by crypto projects. He highlighted the manifold benefits of investors having access to disclosure mandated by laws and regulations.
Firstly, Gensler emphasized that disclosure fosters more efficient markets by facilitating better price discovery. According to him, more information enables prices to reflect a company’s prospects more accurately.
Furthermore, the SEC chair noted that disclosure cultivates trust in markets. He pointed out that investor…
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