“Look, we don’t need more digital currency,” Gensler told CNBC on Tuesday.
“We already have digital currency: It’s called the US dollar.
Many crypto investors appear to be abandoning so-called “alt-coins” and sticking with the relatively more reliable OG virtual currency, wrote Ed Moya, a senior market analyst with Oanda.
Bottom line: “The SEC looks like it is playing Whac-A-Mole with crypto exchanges,” Moya wrote.
Because of that, crypto investors will have to decide whether they are confident that the offerings on various exchanges will remain available to trade.
Persons:
CNN Business ’, Binance, ”, Matt Levine, I’ll, Coinbase, Brian Armstrong, Gary Gensler, ” Gensler, “, It’s, Crypto, TD Cowen, Reena Aggarwal, Aggarwal, bitcoin, Ed Moya, ” Moya, —, you’ll
Organizations:
CNN Business, New York CNN, Securities and Exchange Commission, SEC, CNBC, Georgetown, Psaros, Financial Markets, Chicago Mercantile Exchange, Oanda
Locations:
New York, United States, “, cryptos