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Tesla AI Day, SEC charges Kim Kardashian for unlawfully promoting token, Section 230 & more | E1576
This Week in Startups
I'm Going to Have Crypto Related Enforcements
Gary Gensler: I believe based on the facts and circumstances, most of these tokens are securities. The SEC is an agency that oversees this basic bargain. When a group of entrepreneurs is raising money from the public and the public's anticipating a profit, they need disclosure. And that's the core bargain in our capital markets. You get to take the risk, but the person raising money or the person's raising money has to disclose various information to you. That seems how our capital markets work best. So there's two things going on here. Gary Gensler gets quite specific on this topic of securities. This is 48 seconds.
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