Crypto Is Centralized Despite Founding Principles: SEC Chair Gensler

“We’ve even seen centralization in the crypto market, which was founded on the idea of decentralization,” Gensler said. “This field actually has significant concentration among intermediaries in the middle of the market.”

“Though technological innovations repeatedly disrupt incumbent business models, centralization still tends to reemerge,” Gensler said.

[ Via]

Download NBW: Short news app created for busy professionals like you

Get NBW App - a reimagined fluid short news experience that delivers you clarity and all the important news and trends from your industry. No signup needed !

Download NBW App (Android, iOS)

Sign Up for NextBigWhat Newsletter