Gary Gensler: "SEC sees "centralization" in the cryptocurrency markets"

The chairman of Securities and Exchange Commission of the USA Gary Gensler does not consider decentralization as the fact of the cryptocurrency markets, despite an initial problem of digital currencies to abolish the centralized management. "There is a tendency to that the central intermediaries benefited by scale, network effects and access to valuable data. Though technological innovations constantly break existing business models, centralization still tends to revive" — Gary Gensler in the performance prepared for virtual performance at annual meeting of Association told...