The Chairman of the United States Securities and Exchange Commission (U.S. SEC), Gary Gensler has again reiterated that the financial regulator has no plan to ban crypto. This makes it the second time in one week he would say this. He however hinted that the Congress is likely to take harsher action in this regard.
As crypto innovators continue to innovate, when will regulators regulate?
The end of September 2021 witnessed a sudden rise in the price of bitcoin. Other cryptocurrencies also jumped. This was consequential to a statement made by the Chairman of the United States Federal Reserve, Jerome Powell, on Wednesday 29th September that the U.S. Reserve Bank didn’t have plans to ban cryptocurrencies in the U.S.
CoinMarketCap, CoinGecko now blocked by China’s Internet firewall
CoinMarketCap and CoinGecko have been blocked by China's internet firewall . Both sites provide crypto-market data and are the two most popular amongst crypto users globally. The Chinese government must have obviously considered access to crypto-market information a threat to the country's anti-crypto policy.The Internet firewall became noticeable in the early hours of Tuesday in China. It is believed that the...