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<p><span>Today, the Commission is considering adopting two final rules related to the security-based swaps markets. I am pleased to support these rules because they will enhance the integrity of the security-based swaps markets.</span></p>
<p><span>Today, the Commission is considering whether to issue a supplemental release to our January 2022 proposal requiring significant trading platforms—including in the Treasury markets—to come under important rules for the markets. I believe this supplemental release would help address comments on the proposal from various market participants, particularly those in the crypto markets.</span></p>
The proposal aims to save time and resources for both registrants and the SEC.
<p><span>Today, the Commission is considering amendments to require covered firms to notify their customers of data breaches.</span><a name="_ftnref1" href="https://www.sec.gov/news/statement/gensler-statement-regulation-sp-031523?utm_medium=email&utm_source=govdelivery#_ftn1">[1]</a><span> I support these amendments because, through making critical updates to a rule first adopted in 2000, this proposal would help protect the privacy of customers’ financial data.</span></p>
<p><span>Today, the Commission is considering a proposal on cybersecurity practices for broker-dealers, clearinghouses, and other market entities. I am pleased to support this proposal because, if adopted, it would set standards for these market entities’ cybersecurity practices.</span></p>