The Chairman of the U.S. SEC opposes the House of Representatives’ Financial Innovation and Technology Act for the 21st Century (FIT21 Act)

Golden Finance reported that U.S. SEC Chairman Gary Gensler said on Wednesday that the "21st Century Financial Innovation and Technology Act" will harm the interests of investors and hinder the work of the U.S. Securities and Exchange Commission. Gary Gensler believes that the bill will create new regulatory loopholes and undermine dozens of The precedents regarding the supervision of investment contracts in recent years have exposed investors and the capital market to immeasurable risks.