Gary Gensler, the U.S. Securities and Exchange Commission (SEC) Chairman, has likened stablecoins to “Poker Chips” at what he called the “Wild West Crypto Casino.” Gensler believes that the crypto boom shares characteristics with the Wildcat banking era of the 19th century, stating that “history tells us that private forms of money don’t last long.”
Yesterday, the U.S. Treasury Department announced that it would be adding SUEX, an over-the-counter (OTC) crypto exchange with offices in Russia, to its list of specially designated nationals (SDNs) for its alleged role in facilitating cryptocurrency transactions for ransomware attackers.
Deutsche Börse, a marketplace organizer for the trading of shares and other securities, continues to explore the world of cryptocurrency derivatives with the launch of three new crypto exchange-traded notes (ETNs) by VanEck, which are now are tradable for the first time via Xetra and Börse Frankfurt.
Top stories in the Crypto Roundup today:
- Stablecoins Are Like Poker Chips Says SEC’s Gary Gensler
- A Crypto Exchange Gets Blacklisted in U.S. for the First Time
- Deutsche Börse Launches Three New Crypto ETNs By VanEck