SEC Chair Likens Stablecoins To Poker Chips In Statement – September 22


πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $42,380

Bitcoin price has bounced back from yet another dip over the last day of trading, this time touching well into the mid $39,000s.

Top-20 altcoins continue to look weak, as Ethereum falls 3%, Cardano rises less than 1% and Solana drops 6%.

Top Stories for September 22, 2021 πŸ”₯

πŸ‘‰ SEC Chair Likens Stablecoins To Poker Chips In Statement

Securities and Exchange Commission (SEC) chair, Gary Gensler, has compared stablecoins to poker chips in casino in a statement to the press.

In his statement made to the Washington Post, Gensler continued to allude to cryptocurrency as a financial “Wild West”, adding that he believes most projects in the space deal with securities subject to SEC regulation.

Gensler’s statements have disappointed many in the community, who hoped he may have a more crypto-friendly stance given his blockchain teaching background at MIT.

πŸ‘‰ Kraken Adds Apple And Google Pay Support In Mobile App

Cryptocurrency exchange Kraken has added support for Apple Pay and Google Pay in its mobile trading app, enabling users to buy crypto with either of the payment methods.

Users previously needed to copy and paste details from their separate internet banking app to make a purchase. The app has a minimum purchase limit of $10 and a maximum limit of $7,500 per week.

πŸ‘‰ Judge Denies Ripple’s Request For SEC Crypto Trading History

A US judge has denied Ripple’s request for access to documents relating to the cryptocurrency trading data of SEC employees, if any.

It was previously revealed that the SEC had no crypto trading policies in place at the beginning of Ripple’s reckoning, following a court order to provide such trading policies.