Well, so as we look at both stablecoin and market structure, what we need is stability and predictability. And so What we saw under the Securities and Exchange Commission under then Gary Gensler was a Security Exchange Commission that was really hostile to the crypto space and blockchain technology. And there was a lot of unpredictability, there was a lot of enforcement actions. And the end result was innovators, developers, creators were simply just going outside the United States. (10:48–11:01)
CLAIM
Asserts that the SEC under Gary Gensler was hostile to crypto and blockchain.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
