Securities and Exchange Commission (SEC) Chair Gensler says what I have been saying from the beginning about cryptocurrencies.
In 2013, I wrote about Bitcoin Before The Horse, when people were confounding economies with currencies, confounding cause with consequence, leading to grave depravity of reason.
Trust best not be evenly distributed. And the equality of trust without a real asset attached and void of discretionary merit is not only a threat to national security but a threat to human evolution.
This stern warning coming from a former professor at the MIT Sloan School of Management, where he taught blockchain technology, digital currencies, financial technology, and public policy.