Bitcoin's Volatility Continues; Japan Wants New Web3 Rules

Bitcoin's roller coaster ride continues and Japan looks for more clarity on web three rules. You're watching Coin De Daily, I'm your host a a to sing. Bitcoin is still finding its footing after briefly topping $40,000. On Wednesday morning, the world's largest Cryptocurrency by market cap has fallen nearly 20% from its peak after the listing of the first spot. Bitcoin ETS in the US two weeks ago. So Lana's soul and avalanches Avax are leading the broader crypto market. Higher. Two tornado cash developers have raised over $350,000 for their legal defense fund and received public support from Edward Snowden. This comes after the US. Government claims more than $1 billion in crypto was moved through the mixing service, Roman Storm and Alexei, but are expected to go to trial this year over allegations of money laundering and sanctions violations. And some Japanese lawmakers want to carve out new web three policies. According to Coindesk Japan. In a new interview, one of the congressmen said they want to grasp the current situation in areas other than decentralized autonomous organizations or Daws and identify new important points for policy. That's it for coins daily. Get more updates on coin desk.com and we'll see you next time.