Political Quotes

Gary Gensler: It doesn't matter whether it's a stock token, a stable value token backed by securities, or any other virtual product…

On the recordAugust 2, 2021
It doesn't matter whether it's a stock token, a stable value token backed by securities, or any other virtual product that provides synthetic exposure to underlying securities. These products are subject to the securities laws and must work within our securities regime.
Said by
Gary Gensler
Democratic · District of Columbia

Editor's note · Context

Gensler emphasizes that all digital assets must comply with securities laws.

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