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The United States Security & Exchange Commission’s (SEC) chairman suggests that there is a sufficient number of cryptocurrencies that qualify as securities. The ongoing legal tussle between the SEC and Ripple is on the grounds of the same suggestion.
If crypto is going to be widely adopted, it needs some rules of the road & a cop on the beat to enforce them.
To be clear, I am technology-neutral.
What I’m not neutral about: Investor protection. pic.twitter.com/e6GsSAyXhB
— Gary Gensler (@GaryGensler) August 3, 2021
Polkadot (DOT) made a nice move up on August 31, taking out a few vital profit levels. The first to break was $29.12, originating from June 3. That level also fell in line with the pivot of June, making it a double reason for interest. On August 20 and 21, buyers already tried to claim this level but failed. Price action faded further down after that attempt.
Solana’s SOL token dominated cryptocurrency markets in August, nearly tripling in price as investors speculated on fast growth in “smart contract” blockchains that might one day rival Ethereum.
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