SEC's Gary Gensler says stablecoins are a risk to consumers, like "poker chips at the casino", and equates crypto boom to "wildcat banking" in the 1830s (Tory Newmyer/Washington Post)

Tory Newmyer / Washington Post:SEC's Gary Gensler says stablecoins are a risk to consumers, like “poker chips at the casino”, and equates crypto boom to “wildcat banking” in the 1830s  —  The top Wall Street regulator described the digital assets frequently pegged to the U.S. dollar as a danger to consumers

SEC's Gary Gensler says stablecoins are a risk to consumers, like "poker chips at the casino", and equates crypto boom to "wildcat banking" in the 1830s (Tory Newmyer/Washington Post)

Tory Newmyer / Washington Post:
SEC's Gary Gensler says stablecoins are a risk to consumers, like “poker chips at the casino”, and equates crypto boom to “wildcat banking” in the 1830s  —  The top Wall Street regulator described the digital assets frequently pegged to the U.S. dollar as a danger to consumers