The chair of the Securities and Exchange Commission (SEC), Gary Gensler, has never been a fan of cryptocurrency. Now he has come out and said the world does not need more digital currencies. The comments came the same day the SEC announced a lawsuit against Coinbase, the world’s second-largest exchange, and a day after unprecedented legal action against Binance and its founder.
America’s top regulator has never been one to mince words. In recent days, Gensler has lobbed possibly his most incendiary barbs at the crypto industry to date. In a week that will go down in regulatory history, Gensler’s SEC sued the two largest cryptocurrency exchanges, one day after the next. What do his latest comments portend?
We Already Have Digital Investments, Says SEC Chair
In his first big interview since the regulatory action, Gensler doubled down on his antagonistic stance toward the crypto industry.
However, in perhaps the most notable…
