US House Passes Bill to Require Financial Regulators to Set Up Digital Assets Working Group
The Eliminate Barriers to Innovation Act of 2021 seeks to establish a digital asset working group with representatives from the SEC and CFTC.
Bitcoin saw the quietest trading week since October.
Investors redeemed a net $141 million during the seven days through June 4, the highest weekly total on record, according to CoinShares.
The reintroduced bill has a Democrat co-sponsor this time, which might help its passage through the House.
The investment banking giant’s Mathew McDermott said the company would continue to expand its offerings in the cryptocurrency space to meet surging demand.
The department has seized around 25 billion won ($22 million) in digital assets from 676 of the alleged tax evaders.