Bankless ROLLUP: Gary Gensler Grilled at Congress Committee Hearing
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Apr 21, 2023 Witness the intense drama as SEC Chair Gary Gensler faces fiery questioning at a congressional hearing on cryptocurrency regulations. The discussion reveals stark partisan divides, with Republicans criticizing Gensler's approach while some Democrats support him. Delve into growing trends in Ethereum staking, recent market shifts, and the implications of the SEC's charges against Bittrex. Plus, discover exciting innovations in crypto wallets and the launch of Solana's security-focused smartphone, shedding light on the future landscape of this ever-evolving industry.
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Crypto Market Overview
- Bitcoin and Ether prices decreased slightly this week, but the ETH/BTC ratio increased.
- The total crypto market cap remains above $1 trillion, suggesting a possible bull market.
Boost Your ETH Yield
- Increase ETH staking yield from 6.7% to 9.7% by running a Rocket Pool node.
- This decentralized approach offers higher returns while strengthening network health.
SEC Charges Bittrex
- The SEC charged Bittrex for operating as an unregistered securities exchange, naming several crypto assets as securities.
- This action highlights the lack of regulatory clarity in the US crypto market.