Regulation
Hill is currently chair of the Subcommittee on Digital Assets, Financial Technology, and Inclusion.
If cryptocurrencies are declared commodities, the CFTC could have a lot of influence over the industry.
Bitcoin
MicroStrategy has been accumulating BTC every week since Oct. 31 and activity on Coinbase indicates general market positivity.
Schumer is asking for the input from the Senate’s chief crypto critic.
Ethereum
Ethereum’s growing interest among investors has driven U.S. spot ETH ETFs to a weekly all-time high in total netflows, with $752.9 million recorded.
Industry sources speaking to Unchained had been expecting a White House staff role or advisory council dedicated to crypto alone.
DeFi
Governance members are currently mulling over a proposal that would change the focus of the network’s incentive programs to liquidity providers and DeFi users.
Markets
On Wednesday, Coinbase added the GIGA memecoin to its listings roadmap, causing the price to surge 50%. One of its biggest proponents has a history with fraud.
Atkins has been vocal in his support of the industry and was the first libertarian to serve as an SEC commissioner under President George W. Bush.
Michael Collins, a U.S. representative from Georgia, disclosed on Monday increased exposure to cryptocurrencies, particularly memecoin ski mask dog.
