The Biden transition team just added one of the country's most serious thinkers on the future of payments

Quick Take

  • Former CFTC chair Gary Gensler is no crypto enthusiast, but he takes the underlying payments technology very seriously.
  • As an MIT professor, Gensler argued that cryptocurrency has exposed shortcomings in traditional existing payments infrastructure.
The addition of former CFTC chair Gary Gensler to Joe Biden’s transition team seems like good news for fans of cryptocurrency technology.

Subscribe to The Block News+ to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly


per year
Join Now


per month
Join Now


If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Trending Stories

SEC said to allow first bitcoin futures ETF to trade in US: report

The U.S. Securities and Exchange Commission is said to be allowing the first Bitcoin futures exchange-traded fund (ETF), per a Bloomberg report. The publication said in a report on Thursday night that the U.S. regulator “isn’t likely to block the products from starting to trade next week,” citing people familiar with the matter. The report […]
Read Full Story
Oct 15, 2021, 2:54AM UTC