Gary Gensler, President Joe Biden’s nominee to spearhead the Securities and Exchange Commission, has told the Senate Banking Committee that he would promote cryptocurrency innovation during his March 2 confirmation hearing when asked cryptocurrency regulations. He described Bitcoin and other cryptocurrencies as “a catalyst for change.”
I think, as I teach at MIT on these subjects, that these innovations have been a catalyst for change. Bitcoin and cryptocurrencies have brought new thinking to payments and financial inclusion but they’ve also raised new issues of investor protection…If confirmed at the SEC, I will work to promote innovation.
