Here’s what happened in crypto today By Cointelegraph

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© Reuters

The former comptroller of the currency in the United States believes a stablecoin is essential for maintaining the dollar’s status as the global reserve currency. Meanwhile, the Biden administration allotted $20 million in rewards for artificial intelligence (AI) companies to help secure the country’s critical infrastructure, and the U.S. Securities and Exchange Commission (SEC) wants to appeal a July decision in its case against regarding programmatic sales of XRP (XRP).

Former Binance.US CEO and U.S. Comptroller of the Currency Brian Brooks has penned an op-ed with economics dean Charles Calomiris about the need to push through sensible stablecoin regulation in the United States.

Screenshot of the press release announcing the challenge. Source: The White House

SEC to seek interlocutory appeal in Ripple case