Following a fast 20% rally beginning in mid-June mostly thanks to excitement surrounding BlackRock’s filing for a spot Bitcoin ETF, the price of BTC has stalled during July – at least in part due to the realization that the Fed would indeed begin lifting interest rates again. After trading as high as $31,800 earlier this month, the crypto dipped to a one-month low below $29,000 on Monday.
Is the House’s FIT21 Bill Really the Legislation That Crypto Needs?
Somewhat ironically, Shapiro and Palley’s criticisms seem to line up with Maxine Waters (D-CA), the ranking Democrat on the House...