Former White House financial regulator and Goldman Sachs partner, Gary Gensler, today called for better blockchain regulation. He suggests that both Ether and Ripple may well have issues surrounding American securities regulations because of the way they have been traded. Bitcoin remains unaffected but it opens up the debate on more regulation within the cryptocurrency world.
Mr Gensler joins the world famous M.I.T. lab as a lecturer and has no virtual currency investments himself, said he was not tied to any coin’s winning the race. But he does think changes are necessary before blockchains can go mainstream.