SEC Chair Gensler dismisses need for additional digital currency.

SEC Chair Gary Gensler stated during an interview that there is no need for more digital currency as the US dollar, euro, and yen are already digital. The SEC has taken aggressive action against leading cryptocurrency exchanges, including suing Coinbase for acting as an unregistered broker and exchange and going after Binance for commingling billions of dollars in user funds. Gensler noted the delays in getting cases filed against the crypto platforms but said investors should be confident the SEC is attentive to risks in the digital currency world.