Credit: Original article published by Coingape.

Wall street is busy today with rumors of Ex-CFTC chair Gary Gensler named to be new SEC lead by the current Biden government. Gary Gensler is also a blockchain professor at MIT and comes with a good background in cryptocurrencies.

Gary Admires Blockchain but supports Crypto Regulation

Gary teaches a course on blockchain and cryptocurrencies titled Blockchain and Money at MIT. In order to understand how Gary perceives cryptocurrencies we can refer his 2018 interview with Bloomberg. In the interview, Gary emphasized to be technology neutral when it comes to blockchain but he favors regulation of cryptocurrencies in order to avoid frauds and money laundering practices.

In his words,

Cryptocurrency like Bitcoin need more protection and regulation than oil.

He believes there is future for cryptocurrencies but only when investors feel safe in dealing with decentralized assets like Bitcoin.

The post EX-CFTC Chair Gary Gensler Poised to be SEC Lead, What to Expect for Bitcoin? appeared first on Coingape.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.



No responses yet

Leave a Reply

Your email address will not be published. Required fields are marked *


Visit Our Other Websites - Premium Domain Names. - Social Network - Ultra-Priviate DEX. - Classic Automobile News.