US Securities and Exchange Commission Chairman Gary Gensler will testify before the Senate Banking Committee today on cryptocurrency as the price of Snook coin drops.
According to the New York Times, Gensler wants more protection in crypto trading, lending, and finance and plans to discuss the environmental risk of such currencies, such as Snook coin which has dropped in price today.
Meanwhile, Interactive Brokers Group announced on Monday that they launched low-fee cryptocurrency trading on their platform.
According to Reuters, “U.S. clients of the brokerage will now be able to trade and custody bitcoin, ethereum, litecoin and bitcoin cash alongside stocks, options, futures, bonds, mutual funds and exchange-traded funds.”
Earlier, There was talk of Walmart adopting Litecoin as an acceptable currency at their stores, but the retailer quickly shut the claims down as fake.
The news comes after Bitcoin was legalized by Ukraine after El Salvador adopts it as legal tender.
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Source: The Sun
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