Welcome to Chain Response, the place we unpack and clarify the newest in crypto information, drama and developments, breaking issues down block by block for the crypto curious. For our Thursday episode the place we talk about the newest in crypto information, we talked in regards to the latest steep decline in Ethereum costs following its main community improve.
We additionally mentioned:
- The most recent regulatory drama surrounding stablecoins: together with a draft Home invoice that will ban algorithmic stablecoins, some authorized motion towards Tether and a giant transfer within the sector from Robinhood.
- Latest actions from the USA federal authorities to embrace a digital greenback, and who Biden has tapped to arrange for any potential selections from the Federal Reserve.