Citadel's CEO is afraid of innovation in the crypto industry

Kenneth Griffin, CEO of large market maker castle, said the organisation does not support cryptocurrencies due to the uncertain function of regulators.

Throughout a regular meeting of the monetary club of Chicago, Kenneth Griffin praised SEC head Gary Gansler for seeking to regulate the cryptocurrency enterprise.

"I want all of the passion and strength channeled into the cryptocurrency industry could serve to bolster the united states. After all, what an high-quality idea to bring brilliant, talented and young minds together to create a substitute for a reserve forex," Griffin said.

He additionally revealed that he isn't a cryptocurrency enthusiast. However, there may be call for from the agency's partners for get right of entry to to such belongings, and citadel should thoroughly support cryptocurrencies if the regulators' position had been clearer.


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