SEC Chair Gensler highlighted the need for modernizing equity markets following GameStop's short squeeze in 2021. The surge in GameStop's stock price due to a retail-led movement against short sellers led to restrictions by brokerage firms. Gensler emphasized the importance of shorter settlement times to enhance market efficiency and reduce risks for investors. The shift to T+1 settlement window has made a significant impact, allowing for faster processing of transactions. Additionally, the rise of decentralized finance (DeFi) and blockchain technology is changing the landscape of financial markets. Companies like tZERO are leveraging blockchain for private securities trading, while industry leaders foresee tokenization as the future of securities trading. The potential for instantaneous settlement and reduced fees on blockchain-based platforms is reshaping traditional financial markets. Read more AI-generated news on: https://app.chaingpt.org/news