This week in the crypto world was filled with important events. Senator Hagerty of Tennessee introduced a new stablecoin bill that is likely to pass this year now that Republicans are in control. There were also high-profile Congressional hearings on "debanking," where Nathan McCauley and Joe Lubin testified about their experiences. Ondo Finance introduced a new tokenization blockchain in preparation for institutional interest in RWAs, and World Liberty Financial bought $470,000 worth of ONDO tokens. Berachain also had a big launch, with a mainnet debut and a 79 million-strong airdrop. Ethereum faced some challenges, with JPMorgan noting its underperformance and lack of a compelling narrative, but it made progress on its Pectra upgrade. Bitcoin's status as "digital gold" was highlighted, along with the impact of gold's rally on gold-backed cryptocurrencies. Lastly, Alexey Pertsev, one of the developers of Tornado Cash, was released from jail pending an appeal in an important case for internet privacy.



Other News from Today