Zero Hedge: While Gary Gensler, nominated to chair the SEC, was evasive on specifics at yesterday’s Senate Banking Committee hearing, he was far more supportive broadly-speaking than many expected (especially after Yellen’s lies):
“Bitcoin and other cryptocurrencies have brought new thinking to financial planning and investor inclusion,” said Gensler.
“I’d work with fellow commissions both to promote the new innovation but also, at the core, ensure investor protection. If something were a security, for instance, it comes under security regulation, under the SEC.”
In addition, billionaire Mark Cuban had a Twitter-tirade warning Peter Schiff that gold “will die” as a store of value.
“Let me help Peter. Gold is hyped as much as Crypto. Do we really need gold jewelry? Gold can make you a ring,” one tweet reads.
“BTC/Eth are technologies that can make you a banker, allow friction free exchange of value and are extensible into an unlimited range of biz and personal applications.” Read More
Opinion: As seasoned investors capitulate on cryptocurrencies, at least one central bank, one Treasury Secretary, and one financial expert are sounding the alarm.