SEC chair compares stablecoins to casino poker chips
"We’ve got a lot of casinos here in the Wild West, and the poker chip is these stablecoins at the casino gaming tables," said Gary Gensler. U.S. Securities and Commission, or SEC, chair Gary Gensler has doubled down on his “Wild West” analogy for cryptocurrencies, calling stablecoins instruments for gambling at old-timey casinos. Speaking to Washington Post columnist David Ignatius on Tuesday, Gensler said most projects in the crypto space dealt with securities that fall under the regulatory purview of the SEC, while the Commodity Futures Trading Commission, or CFTC, was better suited for....
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Bitcoin Video Poker offers the best retro video poker experience for those who are into bitcoin gambling. The phrase ‘Old Wine in a New Bottle‘ holds good for Bitcoin Video Casino. For starters, Bitcoin Video Casino is an online bitcoin based gambling platform designed along the lines of old school video poker machines. These video poker machines were famous at one time in Las Vegas. With modernization and improvements in technology these video poker machines are replaced by brand new flashy devices. Bitcoin Video Casino brings the same look and feel of those old machines on your computer.....
Bitcoin Video Casino is an online casino that offers you the chance of playing several popular Casino games with Bitcoin. Bitcoin Video Casino is an online casino that offers you the chance of playing several popular Casino games with Bitcoin. The site game style is based on the classic Video Poker machines in Las Vegas so it is much fun to play. Bitcoin Video Casino offers users a provably fair gaming system and an anonymous and instant registration alongside with one of the gambling industry’s most user-friendly interface. Bitcoin Video Casino lets players choose between seven different....
Ken McGrail, a software engineer for a Seattle, Wash. area enterprise software company, has turned a hobby making crypto-logoed poker chips into a business. His high quality, professional-looking poker chips have proven popular with both crypto enthusiasts and poker players. McGrail's website, cryptochips.net, sells these crypto tokens for $2.50 a piece and provides free shipping. The website displays the token designs, both front and back sides. Tokens are 39 mm in diameter, 10 grams in weight, and have full-color printed edges. In an exclusive interview with CCN, McGrail said he started....
Bitcoin and Cryptocurrencies have opened up new opportunities for all sorts of businesses and people who come with the concepts for them. One of the businesses that have sprung up is Crypto Chips, which are poker chips in a variety of different digital currencies. Entrepreneurship comes in many forms, and Crypto Chips is another great example of it. The Bitcoinist was able to interview the creator of CryptoChips.net Yakpimp from twitter and in the forums. What made you decide to make Bitcoin and Cryptocurrency poker chips? I was sitting at my desk one day thinking and wanted to be able to....
“Establishing clear regulatory expectations will be paramount to give this market an opportunity to grow and mature in a responsible manner,” said Jelena McWilliams. Jelena McWilliams, the chairperson of the Federal Deposit Insurance Corporation, or FDIC, has said the agency is working with other regulators in the United States to explore “under what circumstances banks can engage in activities involving crypto assets.”In a speech at the Money20/20 fintech conference on Oct. 25, McWilliams said the FDIC, in coordination with the Federal Reserve and the Office of the Comptroller of the....