SEC Chair Gary Gensler Says 'Many Investors Have Been Harmed In The Crypto Market'; SEC Move On Treasury Is More Important Than Crypto
Portfolio Pulse from Benzinga Newsdesk
SEC Chair Gary Gensler emphasized the importance of the SEC's focus on the Treasury market over crypto, despite acknowledging that many investors have been harmed in the crypto market. His comments suggest a prioritization of regulatory efforts on traditional financial markets.
December 13, 2023 | 6:18 pm
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Gary Gensler's comments may reassure investors in traditional markets like those tracked by SPY, as the SEC's focus on Treasury market regulation could imply stability and oversight in these areas.
While the comments were not directly about SPY, the emphasis on Treasury market regulation can be seen as a positive for the broader market stability, which SPY represents. This could lead to increased investor confidence in the short term.
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