“Cryptocurrencies Are Like Casino Chips”

Attending an event organized by the Washington Post, SEC Chairman Gary Gensler blasted cryptocurrencies. Saying that the life of cryptocurrencies is not long-term, Gensler likened stable cryptocurrencies to poker chips.

A new statement about cryptocurrencies, one of the most controversial investment tools of recent years, has been issued by the US Securities and Exchange Commission (SEC) by its President, Gary Gensler. Gensler, who we think does not understand blockchain and crypto money technologies, “stable” cryptocurrencies in the market. to poker chips likened it.

Gary Gensler, who participated in an event organized by the Washington Post, one of the well-established newspapers of the USA, talked about cryptocurrencies. don’t see it as long term stated. Describing cryptocurrencies as a “highly speculative asset class,” the SEC Chairman said that unless strong oversight will be harmed declared.

“History tells us otherwise”

In his statements “I don’t think there is a long-term viability for five or six thousand specific forms of money. History tells us otherwise. An investor around having a protection regime I think it is useful.” Gary Gensler has made it clear that he does not like cryptocurrencies. At this point, no conscious investor It should be clear that he does not care about all the thousands of cryptocurrencies. In other words, it is a well-known fact that most of the cryptocurrencies in the market are not long-lasting.

RELATED NEWS

Huge Country Turns To Cold Wallet: El Salvador Increases The Amount Of Bitcoin In Its Reserve

Gary Gensler used the following statements about stable cryptocurrencies: Stable coins right now like poker chips in a casino they are moving. Without strong oversight, people will suffer.

Source :
https://www.dunya.com/finans/kripto-para/sec-baskani-genslenen-kripto-para-elestirisi-haberi-634411


source site