Chairman of the SEC: The new regulations will improve the execution of regulatory orders of cryptocurrency brokers

According to reports, Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), said that the revision of the stock trading rules would help promote competition and improve the transparency of trading; The payment based on order flow will bring conflicts in the transaction process and cannot balance the interests of brokers and investors; The new regulations will improve the execution of regulatory orders of cryptocurrency brokers; The SEC serves the entire American public; Every SEC proposal includes a thorough analysis of the economic situation; The so-called “zero commission” does not mean that it is really zero transaction cost.

Interpretation of this information:

The message from Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), relates to important developments in the regulation of stock trading, cryptocurrency brokers, and brokerage compensation models. The message is significant because it suggests that the SEC is taking steps to improve transparency and competition in the market and to protect investors’ interests.

One of the key points highlighted in the message is the revision of stock trading rules. According to Gensler, these revisions will improve the transparency of trading by promoting competition. This is an important development because transparency is crucial in ensuring that the interests of investors are protected, and that the market operates with integrity.

Another important point raised in the message is the issue of payment based on order flow. Gensler suggests that this compensation model can create conflicts in the transaction process and cannot balance the interests of brokers and investors. This is a significant concern because it highlights the need for measures to ensure that brokers are acting in their clients’ interests, rather than seeking to maximize their own profits.

The message also highlights the SEC’s focus on improving the execution of regulatory orders of cryptocurrency brokers. This is important because the cryptocurrency market has become increasingly mainstream in recent years, and it is important to ensure that regulatory standards are applied consistently across all markets.

One key takeaway from the message is the SEC’s commitment to serving the entire American public. Gensler highlights the thorough analysis of the economic situation that underpins every SEC proposal. This suggests that the SEC is taking a thoughtful and nuanced approach to regulation, informed by a deep understanding of the needs of different stakeholders and the broader economic landscape.

Finally, the message highlights an issue that has become increasingly important in recent years – the so-called “zero commission” trading model. While this model can appear to offer investors a cost-free way to trade, Gensler notes that it does not necessarily mean that there are no transaction costs involved. This is an important reminder to investors to remain vigilant and to carefully consider the costs and risks associated with any trading model.

Overall, the message from Gensler suggests that the SEC is taking a proactive approach to improving transparency and competition in the market, and to protecting investors’ interests. This is a positive development that should be welcomed by anyone who values a fair and well-regulated financial system.