“Frankly, if I can get away from the legislation, we don't want to undermine the protections we have in a €100 trillion capital market. We don't want our current stock markets, our current mutual funds, our current public companies [to] inadvertently, with the stroke of a pen, saying "you know what, I want to be a non-compliant too, I want to be out of the regime" , which I think has been very beneficial for investors and economic growth over the last 90 years," Gensler said.

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