Notes today:

 

• The U.S. Securities and Exchange Commission Chair Gary Gensler put the crypto business on notice of how far he’ll go to bring it to heel. -- He is threatening to sue Coinbase if the exchange lets customers earn interest on digital tokens and sent a warning to other firms offering similar stuff. 

• Bloomberg: More than half of the United States now offers legal sports betting, just three years after it was allowed by the U.S. Supreme Court. -- East Rutherford, New Jersey, just outside New York City, said one trend is clear. “A lot of people having a lot more money," he said. "They’re getting unemployment or stimulus checks and they want to double or triple their money. They say that all the time: ‘I just got a check and I’m going to make itdouble.’” 

• George Soros criticized BlackRock Inc.’s China push as a risk to clients’ money and U.S. security interests, in the billionaire financier and philanthropist’s latest broadside against investment in the world’s second-largest economy. 
• Cinas income per person, at slightly over $10,000 a year, is about one-sixth of Americas standard of living.

• Yellen said that the Treasury Department would likely run out of cash and exhaust “extraordinary” measures to keep the federal government within its legal borrowing limit at some point next month. 

• U.S. job openings raced to a new record high in July while layoffs rose moderately, suggesting last month’s sharp slowdown in hiring was due to employers being unable to find workers rather than weak demand for labor

• Mexico's Supreme Court decriminalises abortion..