Gary Gensler: Private Forms Money

Posted by admin on Friday, October 22, 2021

Securities 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:
 
I don’t think there’s a long-term viability for 5 or 6,000 private forms of money. History tells us otherwise Quote
 

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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