Remove money best-cryptocurrency-brokers
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Let’s Stop Treating Crypto as If It Were Finance

Reynolds Holding

To avoid financial contagion and unnecessary risks to the traditional financial system, the best course of action is twofold. Like finance, it’s made up of “exchanges” and “brokers” and “lenders” and “deposits” and “hedge funds,” all busily trading coins and derivatives on Wall Street and its virtual extensions. The answer is simple.

Finance 145
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SEC Chair Gensler Speaks on Crypto and the Securities Laws

Reynolds Holding

The Securities Act of 1933 was about companies raising money from the public. That statute covered intermediaries, such as the exchanges themselves and the broker-dealers. They understood that, when advisers manage someone else’s money, there may be additional opportunities for conflicts of interest between those advisers and clients.

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SEC Chair Gensler Speaks on Crypto Markets

Reynolds Holding

This is quite different than crypto asset platforms, which have millions and sometimes tens of millions of retail customers directly buying and selling on the platform without going through a broker. Even fewer, if any, are actually operating like money. Currently, the venues that the SEC oversees solely trade securities.

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SEC Chair Gensler Testifies Before U.S. House Financial Services Subcommittee

Reynolds Holding

These statutes created requirements and regulations around disclosure, registration, exchanges, and broker-dealers, and established the SEC to oversee the markets. We are the destination of choice for companies seeking to raise money in both public and private markets. We can’t shrink when we’re trying to maintain a gold standard.

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The FTX Collapse: Why Did Due Diligence, Regulation, and Governance Evaporate?

Reynolds Holding

FTX [1] is a Bahamas-based cryptocurrency exchange founded in 2019 that, at its peak in 2021, had over 1 million users, making it the world’s third largest crypto exchange by volume. Cryptocurrency is neither a currency, nor an object. Different crypto assets represent different things. Is it a financial asset? Key message.

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A Top DOJ Official Speaks on Corporate Enforcement and Compliance

Reynolds Holding

Whether the defendants held positions as executives of public companies, traders at Wall Street banks, founders of cryptocurrency companies, medical professionals, or high-ranking foreign officials, our prosecution teams pursued difficult cases through trial and conviction. Crypto markets can be volatile yet alluring to many.

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SEC Enforcement Chief Testifies Before U.S. House Committee on Financial Services

Reynolds Holding

They work tirelessly day in and day out to hold those who violate our securities laws accountable, return money to harmed investors, and protect the fairness and competitiveness of our capital markets. Yet, many Americans’ trust in our financial markets and institutions is at near historic lows. [4] 14, 2021) (settled), available at [link].