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Financemagnates
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SEC Chief Gary Gensler Slams Cryptocurrency Sector over Inadequate Disclosures
- SEC Chair Gary Gensler criticizes cryptocurrency sector for inadequate disclosures to investors.
- Most cryptocurrencies are considered securities and must comply with relevant laws.
- SEC issues Wells notices to Robinhood, Coinbase, and Uniswap.
- Gensler emphasizes the need for required disclosures and highlights the lack of regulatory compliance in the crypto space.
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