Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said that the changes to stock trading rules will help promote competition and improve transaction transparency.
Payment based on order flow will bring conflicts in the transaction process and cannot balance the interests of brokers and investors. The new regulations will perfectly improve the execution of regulatory orders of cryptocurrency brokers.
The object of the SEC service is the entire public in the United States. Every proposal of the SEC includes a thorough analysis of the economic situation; the so-called “zero commission” does not mean that it is really zero transaction costs.