“You want one currency unit because it’s a store of value, a medium of exchange, a unit of account. It all has tremendous economics of networks,” Gens
“You want one currency unit because it’s a store of value, a medium of exchange, a unit of account. It all has tremendous economics of networks,” Gensler said. “So it’s unlikely this stuff is going to be a currency. It’s going to have to show its value through disclosure, through use…the same way you pick amongst the thousands of securities that are listed on the stock exchange.”
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