Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6830566167602700288
#Crypto’s Real Worry Is the #Infrastructure #Bill, Not the #SEC:
Bloomberg LP The nation’s top securities regulator has unusual expertise in digital assets, but he says he’s no cheerleader for them:
https://lnkd.in/gmzpnvZR :
#Data: “It’s become a parlor game in Washington, on Wall Street, and in Silicon Valley to figure out where U.S. #SEC Chair #GaryGensler stands on cryptocurrencies. Industry lobbyists tune in when he testifies before Congress. Lawyers parse his speeches. Goldman Sachs wealth advisers recently boasted in a research report about looking for clues in #Blockchain and #Money [ https://lnkd.in/e4v-Rhs ] course he developed at the Massachusetts Institute of Technology.”
#BeyondData #AnticipationOfSurprise: FutureOfFinance.org:
In his first extensive interview, Gensler signaled that his deep interest in the subject doesn’t mean he’s simpatico with the hands-off oversight approach that many enthusiasts would like to see. “While I’m neutral on the technology, even intrigued—I spent three years teaching it, leaning into it—I’m not neutral about #investor #protection,” says Gensler: “It’s only with bringing things inside—and sort of clearly within our public #policy goals—that a #technology has a chance of broader #adoption.” He says there are at least seven SEC initiatives looking at different #crypto issues: initial coin offerings #ICO, trading venues #CryptoTrading, #lending #platforms, #decentralized #finance #DeFi, stable value coins #StableCoin, custody #CryptoCustody, and ETFs #CyrptoETF and other #CoinFunds. Gensler says he thinks #regulating #crypto #exchanges is perhaps the easiest way for the government to get a quick handle on #digital #token #trading. But he’s also concerned about new ways people are getting into crypto, such as #P2P peer-to-peer lending on so-called decentralized finance, or #DeFi, platforms. If firms are advertising a specific interest-rate return on a crypto asset, Gensler says, that could bring the #loans under SEC oversight. #Platforms that #pool #digital #assets could be seen as akin to #MutualFunds, potentially allowing the SEC to regulate them.
“When the crypto people say they want #legal #certainty, they don’t mean that—they want to be unregulated. That’s never been Gary’s point of view.”
Princeton University #Quant #Finance #Trading #FinTech #Crypto #Conference #Presentations, Sponsors: Goldman Sachs, Citadel: ModelRiskArbitrage.com : https://lnkd.in/gFn4Vm2 .
Hong Kong Institute of Certified Public Accountants Interview:
#Blockchain #Crypto #PoW #Technical #Report: #Bitcoin: https://lnkd.in/e4v-Rhs:
#Crypto #Global #Financial #Regulation & #Quant #Methods: https://lnkd.in/eFQ8Ath
Global Risk Management Network LLC: AI-ML-Cyber-Crypto-Quantum-Risk-Computing: MIT-Princeton AI-FinTech-Quant-Cyber-Crypto-Quantum SME: Leading Silicon Valley VCs to Wall Street Hedge Funds to Pentagon Joint Chiefs: We Create the Digital Future™:
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