Dismal's Smacks

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🧱 Market Reform

SEC Chair Gary Gensler: "Yet these platforms are acting as if they have a choice to comply with our laws. They don’t." "Investors in the crypto markets must receive the same time-tested protections that the securities laws provide in all other markets."

Statement on Alternative Trading Systems and the Definition of an Exchange Chair Gary Gensler: 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

Error 403: Forbidden. Commissioner Hester M. Peirce's response to the SEC reopening Rule 3b-16 (Alternative Trading Systems and the Definition of an Exchange) produces an Error 403: Forbidden on the SEC's page.

EDIT: The speech is now available. Error 403: Forbidden. Commissioner Hester M. Peirce's response to the SEC reopening Rule 3b-16 (Alternative Trading Systems and the Definition of an Exchange) produces an Error 403: Forbidden on the SEC's page. Rendering Innovation Kaput: Statement on Amending the Definition

SEC Reopens Comment Period for Proposed Amendments to Exchange Act Rule 3b-16 and Provides Supplemental Information.

"The reopening release reiterated the applicability of existing rules to platforms that trade crypto asset securities, including so-called “DeFi” systems" Source: https://www.sec.gov/rules/proposed/2023/34-97309.pdf Exchange Activity Involving Crypto Asset Securities and DLT under the Proposed Rules Crypto Asset Securities * Crypto assets generally

NSCC, FICC, DTC Alert! Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework added to the Federal Register and OPEN for comment. The Entire Exhibit is [REDACTED]

Federal Register Sources: Fixed Income Clearing Corp. National Securities Clearing Corp.The Depository Trust Co.Source filings: SR-NSCC-2023-003 34-97280 Apr. 11, 2023 Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework Comments due: 21 days after publication in the Federal

SEC Alert! Special filing with Federal Register: SEC submits notice for the 15th CLOSED door meeting this year via the Sunshine Act for 2:00 p.m. on Thursday, April 20, 2023.

Source: https://public-inspection.federalregister.gov/2023-08187.pdf Previous CLOSED door meetings this year: Meeting NumberDate164/13154/6143/30133/23123/16113/9103/292/2382/1672/962/251/2641/1931/1221/911/5 Seems to be a weekly occurrence every week since the year began. What has them so occupied? The Federal

Federal Reserve Alert! A CLOSED meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 9:00 a.m. on April 17, 2023. Matter(s) considered: Discussion of the Semiannual Financial Stability Report.

Source: https://www.federalreserve.gov/aboutthefed/boardmeetings/20230417closed.htm It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 9:00 a.m. on Monday, April 17, 2023, will be held under expedited procedures, as set forth in section 261b.7 of

The Antitrust Division of the United States Department of Justice on the Big 4: "The Division commends the Commission for its commitment to fostering competition in equities markets, which benefits both U.S. investors and the domestic economy".

Source: https://www.sec.gov/comments/s7-29-22/s72922-20164065-334011.pdf INTRODUCTION: * The Antitrust Division of the United States Department of Justice (“Antitrust Division”) appreciates this opportunity to share its views with the United States Securities and Exchange Commission (“Commission”) on the Commission’s four proposed rules relating to: 1. The disclosure