During the 2021 DACOM Summit held on Wednesday, local time in the United States. America Securities and Exchange Commission Chairman Gary Gensler and former Chairman Jay Clayton together. With regard to Bitcoin, cryptocurrencies, digital assets, exchange-traded funds (ETF) and decentralization. The finance started a dialogue.
Gary Gensler hopes to draw a dividing line between Bitcoin and digital assets. He also stated that Bitcoin is a competitor to the U.S. banking system and its global consensus.
When talking about digital assets, Gary Gensler said: “In his view, digital assets already exist and do not need to be decentralized to function.” He also compared the concepts of the U.S. dollar and digital currencies in order to dilute the differences between them. And said: “The U.S. dollar, the euro, the yen, and most listed companies are digital. You buy and sell digital stocks, and you buy and sell digital government bonds. There are no more physical treasury debts. I tend to call these digital assets.”