Steven Mnuchin, the former US secretary of the treasury, believes that stablecoins in the cryptocurrency market should be managed and regulated in a transparent manner.
Speaking at Thursday’s Bloomberg Invest Global event, Mnuchin said: “Dollar-backed stablecoins really supported need to be sure.” said.
Referring to the speech of Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), Mnuchin said that stablecoin reserves in regulated banks, kept transparently He said that when people want stablecoins they have. that they can exchange stressed its importance.
Gary Gensler, in his statements about stablecoins, “to poker chips” had compared.
“I don’t see a problem with people trading bitcoin and other cryptos.” said the former treasury minister, that these transactions done in a completely transparent and legal way thinks it should.
Mnuchin, who founded an investment firm called Liberty Strategic Capital after leaving his position at the Treasury Department; cyber security, payment technologies, blockchain technology expressed their interest in areas such as