U.S. House Representative Maxine Waters (D-California), the top Democrat on the House Financial Services Committee, told Bloomberg Wednesday “We are on our way to getting a stablecoin bill in the short run.”
Proceeds will go to fund the development of Bitcoin layer-2 lightning startup Tirrel Corp.
The move may bring fresh energy and capital into the spot ETFs.
Inflows have slowed this month, taking the wind out of the bitcoin bull run.
Grayscale’s GBTC had $130.42 million leave the ETF, while Fidelity and Ark Invest’s had combined inflows of about $10 million.
The brokerage firm is laying out risk managing requirements for solicited purchases of Bitcoin ETFs, AdvisorHub reported.
Go to Source Author: Daniel Kuhn
The European Parliament adopted new rules that would formally put in place due diligence requirements for crypto firms.
Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.
The depeg was likely due to users wanting to exit ezETH after learning more about the REZ token’s confusing distribution plan.
