In a recent interview, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) Chair, declared that the United States does not require any other digital currency.
As the SEC takes legal action against major cryptocurrency exchanges Binance and Coinbase for allegedly operating unregistered securities exchanges, Gensler emphasized that the U.S. dollar already serves as a digital currency.
While his remarks sparked debates within the crypto community, Gensler defended his stance, highlighting the importance of trust and compliance in the evolving landscape of digital assets.
The Case For The US Dollar As Digital Currency
Chair Gensler expressed his skepticism towards the necessity of additional digital currencies, stating: “We already have digital currency. It’s called the U.S. dollar.” He emphasized that throughout history, economies and societies have functioned effectively with a single…
