Gary Gensler: Private Forms Money
on Friday, October 22, 2021Securities and Exchange Commission Chairman Gary Gensler Money Quote saying that stablecoins and cryptocurrency are private forms of money and may lack long-term viability. Gary Gensler said:
“Public money has a certain place around the globe, Private monies usually don’t last long, so I don’t think there’s a long-term viability for 5 or 6,000 private forms of money. History tells us otherwise” — Gary Gensler
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