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Statement On The Financial Innovation And Technology For The 21st Century Act, SEC Chair Gary Gensler, May 22, 2024

<h2>Introduction</h2> <p>For 90 years, the federal securities laws have played a crucial role in protecting the public. These critical protections were created in the wake of the Great Depression after many Americans suffered the consequences of inadequately regulated capital markets. We saw sky-high unemployment, bread lines, and shantytowns springing up due to mass foreclosures.</p> ....

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