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Gary Gensler: The SEC Has No Plans to Follow China and Ban Bitcoin

News Snapshot:

U.S. SEC Chair Gary Gensler has stated that the financial regulator does not plan to ban crypto would also be subject to regulations, he explained. “Even in decentralized platforms – so-called DeFi platforms – there is a centralized protocol. And though they don’t take custody in the same way, I think those are the places that we can get the maximum amount of public policy.” GaryGensler Gary Gensler. Source: Bloomberg Concern Over “Poker Chips” Gensler also reiterated concerns over stablecoins, which he has previously labeled casino poker chips, stating “the financial stability issues that stablecoins could raise” would be a…

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