• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$20,094.00-1.09%
    BITCOIN
    24H : -1.09%
    Volume : $20,537,855,230.00
    Marketcap : $383,460,332,798.00
  • ethereumEthereum(ETH)$1,097.61-4.02%
    ETHEREUM
    24H : -4.02%
    Volume : $14,533,044,196.00
    Marketcap : $133,193,469,930.00
  • binancecoinBNB(BNB)$219.27-3.93%
    BNB
    24H : -3.93%
    Volume : $1,034,539,108.00
    Marketcap : $35,801,976,672.00
  • rippleXRP(XRP)$0.327-3.41%
    XRP
    24H : -3.41%
    Volume : $1,075,230,515.00
    Marketcap : $15,772,960,107.00
  • cardanoCardano(ADA)$0.464-2.26%
    CARDANO
    24H : -2.26%
    Volume : $722,372,645.00
    Marketcap : $15,681,046,629.00
  • solanaSolana(SOL)$33.59-6.50%
    SOLANA
    24H : -6.50%
    Volume : $1,312,779,656.00
    Marketcap : $11,517,557,943.00
  • dogecoinDogecoin(DOGE)$0.0682.23%
    DOGECOIN
    24H : 2.23%
    Volume : $531,801,805.00
    Marketcap : $9,086,389,622.00
  • polkadotPolkadot(DOT)$6.94-5.50%
    POLKADOT
    24H : -5.50%
    Volume : $518,662,142.00
    Marketcap : $7,823,984,260.00
  • shiba-inuShiba Inu(SHIB)$0.000010000.030%
    SHIBA INU
    24H : 0.030%
    Volume : $606,430,606.00
    Marketcap : $5,951,831,768.00
  • avalanche-2Avalanche(AVAX)$17.42-5.30%
    AVALANCHE
    24H : -5.30%
    Volume : $459,519,568.00
    Marketcap : $4,917,064,120.00
  • terra-lunaTerra(LUNA)$0.000071-5.71%
    TERRA
    24H : -5.71%
    Volume : $134,734,814.00
    Marketcap : $768,841,921.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

SEC Chairman Gary Gensler: Bitcoin competes with the U.S. banking system


December 1, 2021 · By Jan
Bitcoin (BTC)

Gary Gensler said on Wednesday that Bitcoin was created “as a reaction” to the U.S. monetary system and its worldwide consensus.

Bitcoin is a competitor to the U.S. banking system and its worldwide consensus, the Securities and Exchange Commission (SEC) Chairman Gary Gensler said on Wednesday.

“We layered over our digital money system about 40 years ago with money laundering and various sanctions and regimes around the globe; we layered that over a digital currency system called our banking system,”

Gensler’s remarks came during the DACOM Summit 2021, a compliance and market integrity event live-streamed on Wednesday.

“In 2008, Satoshi Nakamoto wrote this paper in part as a reaction, an off-the-grid type of approach. It’s not surprising that there’s some competition that you and I don’t support but that’s trying to undermine that worldwide consensus.”

The SEC chairman joined Jay Clayton, who was in Gensler’s shoes as the commission’s head a few years past, for a conversation around Bitcoin, cryptocurrencies, digital assets, exchange-traded funds (ETFs), and decentralized finance.

Credits and full article: BitcoinMagazine

Primary Sidebar

LATEST NEWS

Michael Saylor’s MicroStrategy acquires $10 million worth of Bitcoin despite the grim market outlook

June 29, 2022

Cardano has updated its proposal to hard fork the network testnet in anticipation for the Vasil’s mainnet upgrade

June 28, 2022

SEC Chair Gary Gensler says Bitcoin is the only cryptocurrency he recognizes as a commodity

June 27, 2022

Anonymous hacker group threatens to expose Terra LUNA founder Do Kwon’s crimes

June 27, 2022

Ethereum whales have intensified their accumulation of MATIC in the past week

June 26, 2022

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • Polygon launches new custom blockchain scaling system ‘Avail’ June 29, 2022
  • Michael Saylor’s MicroStrategy acquires $10 million worth of Bitcoin despite the grim market outlook June 29, 2022
  • Cardano has updated its proposal to hard fork the network testnet in anticipation for the Vasil’s mainnet upgrade June 28, 2022

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Cosmos (ATOM) COTI (COTI) Decentraland (MANA) DeFi Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2022 · Today in Crypto · Terms & Privacy · Log in