Gensler spoke virtually to the Parliament’s Committee on Economic and Monetary Affairs and compared the fintech revolution happening now to what the internet did in the 1990s. Gensler highlighted the world’s $2.1 trillion cryptocurrency market “has no borders or boundaries. It operates 24 hours a day, seven days a week.”
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SEC Head Talks Crypto with European Parliament, Touts Transformational Nature
U.S. SEC chairman Gary Gensler told the European Parliament he believes financial technology is playing a major role in “globalizing economic flows” and transforming how national markets work. So reports Cointelegraph.
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