During the appearance of Wednesday on CNBCGary Ginsler, Chairman of the former US Securities and Stock Exchange, commented on abandoning judicial cases for enforcement against prominent cryptocurrencies for the first time.
As U.Today, the agency decided to drop its calls against Ripple with withdrawing high lawsuits against Kraken, Coinbase and other key players in this industry.
As I saw you, many CEOs were almost denied in the world of encryption, as these enforceable cases were dropped by this current administration … What do you think? ” “The CNBC Andrew Ross Sorkin said.”
Jinsler refused to discuss any specific case, arguing that “nearly 99 %” of the encryption field depends on feelings.
He added that “something like bitcoin” may last for a long time because of the fact that there is “real interest”.
“If it is only a sense of feeling, then the matter does not end well, and most of them come down,” he said.
Then Jinsler went to compare the cryptocurrency sector to precious metals.
“There is only 2 or 3 precious minerals. We humans have a specific charm with 2 or 3 precious minerals like gold. I don’t think we will have a magic with 10 or 15,000 memes or the distinctive symbols of feelings that circulate over the years.”
Of course, Gensler agreed to launch Bitcoin ETF in the United States, which enhances the level of institutional acceptance of the leading cryptocurrency.
However, he still remembers that he is the enemy of the encryption industry due to the controversial “organization” organization of “Organization” in SEC, which led to high -level issues against many encryption companies.
