SEC says U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar

The SEC sued Binance on Monday, and Coinbase on Tuesday, for offering services such as brokerage and clearing on allegedly regulated securities.

  • “We don’t need more digital currency… we already have digital currency, it’s called the U.S. dollar,” Gensler said. “We have not seen, over the centuries, that economies and the public need more than one way to move value.”

Click here to read more about the SEC’s comments.