SEC Chairman Gary Gensler is making waves again! đ At the 10th US Financial Markets Conference, Gensler said that the definition of exchanges and alternative trading platforms needs to be upgraded. Why? Because since 1998, the capital market has changed drastically, especially with the presence of electronic trading platforms and algorithmic strategies.
- **New Regulation**: The SEC is proposing a new rule that would require platforms that provide Treasuries markets to register as broker-dealers.
- **Dealer Definition**: Now, major trading firms that use algorithmic and high-frequency strategies must also register.
- **Pros and Cons**: This proposal was opposed by pro-crypto politicians, but was revived last year with additional rules for DeFi.
Gensler believes the new rules will protect investors and financial markets. However, the digital asset community may disagree. What do you think? Write in the comments column!
