SEC Commissioner Robert Jackson Talks to Market Participants

SEC Commissioner Robert Jackson tells a meeting of market participants says that Hinman’s speech was market guidance, and that the SEC is regulating ad hoc instead of conducting formal rulemaking, since any formal rule could become obsolete in a matter of months. He describes the lack of clarity and ad hoc guidance as a deliberate strategy set forth by Chairman Jay Clayton.

Source: @digitalassetbuy

Since Chairman Patrick McHenry threatened to SUBPOENA Gary Gensler for NON-COMPLIANCE with Congressional oversight.

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