The reason that that is false is because we are not in a laissez faire system. What you're actually doing is just allowing poorly structured regulatory frameworks to control the innovation and development. So You're relying on things like the 33 and 34 act ideas from now approaching 100 years ago for traditional securities. or traditional commodities, if it was at the ct, to be regulating the space rather than thoughtful regulation. And so in the middle of that, between the nanny state and the absolute libertarian, is the legislation that we brought forward. (21:23–21:31)
CLAIM
Asserts that current regulations for securities are based on outdated laws from 1933 and 1934.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
