SEC’s Gensler Calls Stablecoins ‘Poker Chips’ at the ‘Wild West’ Crypto Casino

In a conversation with the Washington Post Tuesday, SEC Chairman Gary Gensler said stablecoins are the “poker chips” in the “Wild West” that is the crypto landscape. He said he also doesn’t see much long-term viability for cryptocurrencies, among other remarks about crypto trading and lending platforms, securities, and regulation.