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💸 SEC Chief Confirms That The Agency Won't Ban Crypto

But the Congress can still prohibit crypto in the US.

Hey Blockster, The US Securities and Exchange Commission (SEC) has been taking an increased interest in regulating the cryptocurrency industry in the United States. If you have looked at yesterday's newsletter, you already know that the SEC subpoenaed Circle in July, the company behind the stablecoin USDC. Furthermore, the financial watchdog recently threatened the crypto exchange Coinbase with a lawsuit, which forced the business to shut down its plans to launch its digital asset savings products. In addition to the above two companies, the SEC initiated an investigation against Uniswap Labs, the organization managing the development of the popular decentralized exchange (DEX). With all this in mind, many crypto community members suspected or feared that these actions were part of the SEC's strategy to ban or restrict cryptocurrency solutions within the United States. Fortunately, SEC chief Gary Gensler confirmed recently that the agency does not have the authority or even the intention to ban crypto. However, it doesn't mean that Congress can't prohibit activities related to the asset class within the North American nation. To learn the details of the story, we recommend taking a look at this article on Blockdesk. Don't want to miss out on the latest news, trends, and drama of the cryptocurrency industry? Take a look below to check out our latest collection of exciting digital asset stories right from Blockdesk: 99% Of NFTs Will Devalue – How To Pick A Good One – Non-fungible tokens have taken the crypto market by storm this year, and many have invested in the assets in the hope of increasing their wealth. However, that doesn't mean that all NFTs will earn you money. Check out this highly informative article to learn the tricks and tips on how to pick the best NFTs on the market. Compound Labs Suffers $162M Loss Following Bug In Platform – Compound Finance, one of the most popular DeFi projects, has recently suffered a huge loss by accidentally giving away $162 million worth of COMP tokens. The Internet Of Things – What Is It And How Could Crypto Adoption Grow With It? – The Internet of Things (IoT) describes a massive network of connected devices and people sharing and collecting data. But what are its benefits, issues, and how does crypto come into the picture? The Rise Of Defi And The Big Trends In Decentralization – If you have spent a few weeks – or even days – in the crypto industry, then you have probably come across the term "DeFi". But do you know how decentralized finance increased to a multi-billion-dollar industry? In this article, we will answer this question along with exploring the latest DeFi trends. That's all we have for you today; hope you enjoyed the content we collected from Blockdesk. As usual, we will return with more stories tomorrow. See you then! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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