The chairman of the United States Security & Exchange Commission (SEC) assumes that there are a sufficient number of cryptocurrencies that are considered securities. The ongoing legal battle between the SEC and Ripple is based on the same proposal.
If crypto is to be widespread, it needs some traffic rules and a police officer 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 31st, taking away some key profit levels. The first to break was $ 29.12 and was on June 3rd. That level also fell with the June pivot, making it a double cause of concern. On August 20 and 21, buyers tried to reach this level but failed. The price movement continued to subside after this attempt.
Solana’s SOL token dominated cryptocurrency markets in August, nearly tripling in price as investors speculated on the rapid growth of “smart contract” blockchains that could one day rival Ethereum.