In the aftermath of the U.S. Securities and Exchange Commission’s (SEC) enforcement actions against Coinbase and Binance, chairman Gary Gensler engaged in a conversation, maintaining that further digital currencies are unnecessary. “We already have digital currency. It’s called the U.S. dollar. It’s called the euro or it’s called the yen, they’re all digital right now,” Gensler emphasized during his guest spot on CNBC’s “Squawk on the Street” program.
Gensler: ‘We Already Have Digital Currency, It’s Called the U.S. Dollar’
Following the legal filings involving Coinbase and Binance for failing to register as brokerages and selling unregistered securities, Gary Gensler, the current SEC chairman, shared his thoughts on CNBC’s Squawk Box on Tuesday. His sentiment indicated that numerous existing crypto assets are unwarranted.
“Look, we don’t need more digital currency,” Gensler emphasized on CNBC’s “Squawk on the Street.” “We already have digital c
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