SEC chairman Gary Gensler compares stablecoins to casino poker chips
Gary Gensler, the chairman of the United States Securities and Exchange Commission, (SEC), has expanded on his “Wild West” analogy for cryptocurrencies, calling stablecoins “instruments for gambling at old-timey casinos.” Gensler told Washington Post columnist David Ignatius on Tuesday that most crypto projects dealt with securities that came under the SEC’s regulatory ambit, while others […]