US Congress Plans Hearings on GameStop Market Pumps
While Congress is planning multiple hearings, it's less clear what financial regulators might do.
The top cryptocurrency is changing hands near $50,500 at press time, representing a 4% gain on the day.
Because the stimulus package would likely be a boost for stock markets, it could also provide a lift to the price of cryptocurrencies.
One policy maker says China is unlikely to use bitcoin as a financial weapon against the U.S. dollar.
How Gary Gensler approached the $400 trillion swaps market at the CFTC points to how he might approach crypto at the SEC.
Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.