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Synthetic Blockchain Stocks Prompt SEC’s Gensler To Caution Bankers

SEC Chair Gensler Cautions Bankers

Securities and Exchange Commission (SEC) Chair Gary Gensler cautioned bankers to take heed regarding the proliferation of synthetic stocks on the blockchain, according to a Wednesday (July 21) speech made before the American Bar Association’s Derivatives and Futures Law Committee. Gensler warned that any business selling the tokens to people in the U.S.