SEC Chair Gensler Says Platforms Offer Web Of Deceptions, With Some Individuals Trying To Evade Law; Says We Don't Need More Digital Currency; Says Investment World Is Already Digital; Need Full, Fair And Truthful Disclosures
Portfolio Pulse from Benzinga Newsdesk
SEC Chair Gensler stated in a CNBC interview that some platforms offer a web of deceptions, with individuals trying to evade the law. He emphasized that the investment world is already digital and there's no need for more digital currency, calling for full, fair, and truthful disclosures.
June 06, 2023 | 1:15 pm
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NEGATIVE IMPACT
SEC Chair Gensler's comments on no need for more digital currency may negatively impact Bitcoin's price.
SEC Chair Gensler's statement on the lack of need for more digital currency may lead to increased regulatory scrutiny on cryptocurrencies like Bitcoin, potentially causing a negative impact on its price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SEC Chair Gensler's comments on no need for more digital currency may negatively impact Ethereum's price.
SEC Chair Gensler's statement on the lack of need for more digital currency may lead to increased regulatory scrutiny on cryptocurrencies like Ethereum, potentially causing a negative impact on its price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
SEC Chair Gensler's call for full, fair, and truthful disclosures may have a neutral impact on the overall market, represented by SPY.
SEC Chair Gensler's call for full, fair, and truthful disclosures is a general statement about the investment world and is not specifically targeted at any particular sector or asset. Therefore, it is expected to have a neutral impact on the overall market, represented by SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50