Gary Gensler
Appearances
All-In with Chamath, Jason, Sacks & Friedberg
DOJ targets Nvidia, Meme stock comeback, Trump fundraiser in SF, Apple/OpenAI, Texas stock market
Look, again, it's not so hypothetical because you're describing things that are in the public domain and the public is interested in. But generally speaking, you have to make sure that you don't mislead the public and that you don't in any way do things in the markets that may be... or manipulative or misleading. And so that's the key thing in our capital markets.
All-In with Chamath, Jason, Sacks & Friedberg
DOJ targets Nvidia, Meme stock comeback, Trump fundraiser in SF, Apple/OpenAI, Texas stock market
disclosure is one really key part of our capital markets. When you buy the stock of a company, you expect that they give you full and fair disclosure. That's, by the way, not what you're getting right now in this crypto field. So I just, you know, cautionary tale there, that disclosure. But disclosure doesn't necessarily protect a bad actor if they're manipulating a market.
The Daily
Crypto’s Big Bet Is Paying Off
The field is going to have a challenge building trust. Right. And it already has a challenge building trust when there's so many fraudsters, scammers, grifters in the field.
The Daily
Crypto’s Big Bet Is Paying Off
Look at the leading lights in this field, in the crypto field just two years ago. A number of them are in jail right now. And I'm not just talking about SBF. I mean, a number of others. And there's been tens of billions of dollars of losses and bankruptcies and so forth.
The Daily
Crypto’s Big Bet Is Paying Off
It's an innovation. But innovations don't long thrive if they don't also build trust. I mean, the automobile wouldn't have survived if you didn't have traffic lights, if you didn't have stop signs and even cops on the road to make sure there weren't accidents. And so that's part of our role is being cops on the beat.