chúng ta. Securities and Commission, hoặc SEC, chair Gary Gensler has doubled down on his “Wild West” analogy for cryptocurrencies, calling stablecoins instruments for gambling at old-timey casinos.

Speaking to Washington Post columnist David Ignatius on Tuesday, Gensler said most projects in the crypto space dealt with securities that fall under the regulatory purview of the SEC, while the Commodity Futures Trading Commission, hoặc CFTC, was better suited for enforcement for others. The SEC chair described the authority of both agencies as “robust” but said there were gaps in the coverage, particularly for stablecoins, which “may have attributes of investment contracts.”

“Stablecoins are almost acting like poker chips at the casino right now,Gensler nói. “We’ve got a lot of casinos here in the Wild West, and the poker chip is these stablecoins at the casino gaming tables.”

Gensler hinted that both the SEC and CFTC would benefit from “help from Congress” in regards to regulation and enforcement of stablecoins. Tuy nhiên, according to the SEC chair, the laws currently in place are seemingly broad when it comes to handling a modern financial instrument like crypto.

“I do really fear that we’ll keep bringing these enforcement cases, but there’s going to be a problem. There’s going to be a problem on lending platforms, on trading platforms. Frankly, when that happens, I think a lot of people are going to get hurt.”

The SEC chair’s statement comes following major U.S.-based cryptocurrency exchange Coinbase announcing it would abandon its plan for a crypto lending program. The SEC previously threatened legal action against the exchange, saying it deemed the program a security.

Có liên quan: SEC chair doubles down, tells crypto firms ‘come in and talk to us

Cointelegraph reported in August that Gensler hoped to introduce crypto-related policy changes surrounding token offerings, tài chính phi tập trung, stablecoin, sự coi giư, exchange-traded funds and lending platforms. He has long urged crypto projects to register with the SEC, specifically saying they should work with regulators to survive over the long term.