The US Securities and Exchange Commission chief Gary Gensler in a recent interview with Financial Times talked about the cryptocurrency ecosystem and how the agency plans to regulate it. Gensler during his interview acknowledged the pace at which the crypto ecosystem is growing and currently above $2 trillion valuations. However, he also noted that the vastness of the crypto market calls for regulations, otherwise it may fear losing public trust and become irrelevant.
Gensler stressed that the road to success for the crypto market is through regulations as it would make it more trustworthy. He explained,
“At about $2 trillion of value worldwide, [the crypto market is] at the level and the nature that if it’s going to have any relevance five and 10 years from now, it’s going to be within a public policy framework. History just tells you, it doesn’t last long outside. Finance is about trust, ultimately.”
Gensler over the past month has reiterated the same stance about the need
Źródło: https://coingape.com/sec-chief-gary-gensler-says-this-could-make-crypto-platforms-irrelevant/
