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During his time as SEC Chair, starting in April 2021, Gensler took a tough stance on regulating cryptocurrencies. 

Bitcoin’s current rally has brought it tantalisingly close to the $100,000 mark. Earlier today, the cryptocurrency reached an intraday high of $98,312, reflecting a 6.7% gain in just 24 hours. 

PayPal partners with Xoom to expand the use of its stablecoin, $PYUSD, for cross-border payments, targeting emerging markets in Asia and Africa for faster transactions.