/biz/ - Business & Finance

>While disclosure is recognized as an important element for a functioning market and consumer protection, it’s notable that the SEC has allowed hundreds of Chinese firms with a collective value of $2.2 trillion to list on US exchanges without disclosures or audits for almost two decades, gravely endangering US investors. Earlier this year the bipartisan US-China Commission submitted this in a report to Congress and described how China enjoys the fruits of America’s financial markets while it simultaneously upsets global norms. However it seems that America’s fledgling cryptocurrency industry was the focus of Clayton’s wrath, not China.

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