See What SEC Chair Gary Gensler Compared Stablecoins With

Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC) has compared stablecoins to the Wild West noting the digital currencies are acting like Poker Chips at the Casino. Speaking in an interview with the Washington Post, Gensler highlighted the impact of digital currencies in pushing new frontiers for the ongoing financial revolution. However, the SEC boss says based on precedents, private forms of money are not known to last long.