Category: disclosures
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SEC Chief Gary Gensler Slams Crypto over Inadequate Disclosures
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SEC Chairman Gary Gensler criticized the cryptocurrency sector for not providing adequate disclosure to investors compared to the traditional financial sphere. In an interview with CNBC, Gensler said that most cryptocurrencies are considered securities and must comply with relevant laws. Gensler’s comments came just days after Robinhood’s cryptocurrency arm received…
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Crypto operators not providing adequate disclosures
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After several notices from Wells, SEC Chairman Gary Gensler shared a letter regarding the cryptocurrency industry and its supposed non-compliance with federal laws. On May 7, the head of the US Securities and Exchange Commission told CNBC Squawk box Adding that cryptocurrency companies have failed to comply with disclosure requirements…