Today, the Chairman of the U.S. Securities and Exchange Commission, Gary Gensler, delivered remarks before the European Parliament which equated Bitcoin to the early internet in terms of world-paradigm-shifting technology.

Speaking virtually, Gensler told the European Parliament’s Committee on Economic and Monetary Affairs that Bitcoin is effectively bringing European and American markets closer together, The Block reported.

“I think the transformation we’re living through right now could be every bit as big as the internet in the 1990s,” Gensler said.

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