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Regulaion
House Democrats Form Cryptocurrency Working Group
The announcement came in a hearing about central bank digital currencies.

BlockFi Retail Account Balance Increased Fivefold in Past Year, CEO Says
Zac Prince said the average balance of a retail client has climbed from $10,000 to $50,000 in the last year.

SEC’s Peirce Warns Against Stifling Crypto Innovation
“You can have pretty effective self-regulation,” Peirce said in an interview with the Financial Times.

Some Xinjiang Bitcoin Miners Instructed to Shut Down: Report
The local government of Changji in Xinjiang has instructed miners at the Zhundong Economic Technological Development Park to shut down mining activities.

DeFi Derivatives May Be Illegal: CFTC Commissioner
Federal law "does not contain any exception" for decentralized finance markets, Dan Berkovitz said.

Som Seif: 'Rational' for SEC to Approve Crypto ETFs
The founder of Purpose Investments, one of the first companies to offer bitcoin and ether ETFs in North America, chats ahead of Consensus 21.

Dogecoin: From Shiba Inu to Scapegoat
Some think the unsustainable dogecoin rally could lead to great government intervention, as with Gamestop, in consumer crypto trading.

Colombia’s Crypto Use Soars, and Local Regulators Step In
The Colombian government is implementing new anti-money laundering laws with local exchanges.
