Crypto Allies Rally and Race to Fix the Infrastructure Bill
With the infrastructure bill moving closer to passage, can crypto companies and their allies in government roll back the most dangerous provisions?
A late addition to the infrastructure bill moving through Congress would impose impossible reporting requirements on miners and wallets.
Stiff price resistance is still seen in the low $40,000 range, but analysts are wondering aloud if the worst of the recent bear market might have passed.
Closer to home, Brainard said without a digital dollar the proliferation of stablecoins could fragment the payment system.
Sam Bankman-Fried’s sponsorship deal with Major League Baseball now involves giving away free bitcoin.
Shares of the popular zero-commission trading app opened down as much as 10% on Thursday before closing the day down 8.4%.
The credit-focused firm also considering hiring experts in cryptocurrency investments, the report said.
"All About Bitcoin" host Christine Lee, Managing Editor of Markets Brad Keoun, and Research Analyst George Kaloudis review the big news of the week: Congressional hearings and bills with broad implications for the crypto industry, Tether executives reportedly facing criminal bank fraud charges, a sharp drop in bitcoin held on crypto-to-crypto exchanges, and other news affecting bitcoin. Plus, what drove the bitcoin rebound and what's next in the week ahead.
"The Hash" panel tackles today's hot topics: Senate's bipartisan infrastructure bill with controversial crypto tax provision is moving forward, Binance is winding down its derivatives offerings in Europe, Solana blockchain takes center stage at Lollapalooza and Cathie Wood's ARK Invest makes a big bet on Robinhood.
"First Mover" dives into today's top stories: House Rep. Don Beyer introduces legislation to provide a "comprehensive legal framework" to regulate the digital asset market and possibly grant the government the ability to ban some stablecoins. CoinDesk's Nikhilesh De with the latest developments in Congress. Plus, the latest crypto markets and CBDC news. Guests include former SEC Branch Chief Lisa Braganca, Julia Friedlander of the Atlantic Council, and Jesse Proudman of Makara.