First, by sheer transaction volume, Bitcoin’s mempool has seemingly never been this full – not by a longshot. The last major peak in April of 2021 saw 200,000 transactions waiting in line, but yesterday that number peaked at 450,000. (Hoenicke’s node only tracks back to 2017, but prior to that bull market, Bitcoin congestion and fees were negligible.)
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto...