{"id":139278,"date":"2024-10-10T15:00:03","date_gmt":"2024-10-10T12:00:03","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139278"},"modified":"2024-10-10T12:02:20","modified_gmt":"2024-10-10T09:02:20","slug":"cryptocurrencies-will-not-replace-national-currencies-sec-chairman-says","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cryptocurrencies-will-not-replace-national-currencies-sec-chairman-says\/","title":{"rendered":"Cryptocurrencies Will Not Replace National Currencies, SEC Chairman Says"},"content":{"rendered":"

He believes they are more likely to be seen as a store of value rather than a replacement for national currencies. Drawing on historical context, Gensler highlighted the tendency of countries to maintain a single currency due to its crucial role as a store of value, medium of exchange and unit of account.<\/p>\n

He invoked Gresham’s law, a 19th century principle, to argue that “bad money drives out good money<\/em>“, reinforcing the importance of national currencies over alternatives such as cryptocurrencies<\/strong><\/a>.<\/p>\n

As for the broader crypto landscape, Gensler noted<\/strong><\/a> that the SEC remains “merit neutral<\/em>” and relies on the public to decide whether specific cryptocurrencies are useful through appropriate disclosure.<\/p>\n