Gensler, like Alan Greenspan at the Fed back in the day, isn’t usually given to free-ranging answers. He’s a cautious technocrat. Wednesday was different.
He said cryptocurrencies, like bitcoin and ether, are unlikely to be used for payments.
“I did teach this stuff up at MIT and so forth, so I’m just going say this – these debates literally go back to Plato and Aristotle,” he said. “This is 3,000 years of history. Hundreds of great nations, thousands of nation-states – we tend to have one currency per geographic economic state. We tend even not to have bimetallism.”
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