The SEC will hold a meeting tomorrow to consider several proposals, including an effort to get better prices on trades for small investors. It's part of an overhaul of market structure that SEC Chair Gary Gensler hinted at in June, when he suggested that the playing field was not level for all investors.
What will happen? These are proposed rules. The Commission will likely vote on party lines to approve the proposals, but they will face a lengthy review process to get across the finish line. How lengthy? "We believe the disclosure changes could take up to two years to finalize...we don't see how these policies are adopted before Memorial Day 2024," Jaret Seiberg from Cowen Washington Research Group said in a note to clients.
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NFT market held back by oversupply, greed and bad projects: Gary VeeVeeFriends creator Gary Vaynerchuck, known also as Gary Vee has explained the factors that lead to the fall of the NFT market in 2022. The one and only factor is that 99% of NFTs are useless. Only a good few projects offer actual utilities. Oddly enough, I have never heard of any of the factors Oversupply, Greed, and Subpar projects- rightly articulated by Garyvee.
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