Bankless ROLLUP: CZ Busted?! | Gensler Testifying Soon | SBF in More Trouble | War on Crypto Continues
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Mar 31, 2023 Tensions rise as Binance faces serious legal troubles with the CFTC, potentially shaking up the entire cryptocurrency landscape. Meanwhile, attention turns to the upcoming congressional hearing on crypto regulations, where accountability is on everyoneâs minds. The discussion dives into the fate of stranded ETH due to a multi-sig wallet bug, while the Federal Reserve's shifts in balance sheets are examined for their impacts on market behaviors. Crypto's struggle against regulatory pressures continues, giving way to debates over ownership rights and innovation stifling.
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Bitcoin Buyers
- Bitcoin's price increase might be due to existing crypto traders buying back in after the banking crisis.
- New buyers entering the market would be a stronger bullish signal.
Quantitative Tightening Reversal
- Two-thirds of the Fed's quantitative tightening has been reversed in just two weeks.
- This reversal raises questions about the Fed's ability to control inflation and the long-term impact on markets.
US Debt Explosion
- The US accumulated $7 trillion in debt over 215 years, then added another $7 trillion in just 27 months.
- This rapid debt increase is a key feature of our credit-based monetary system, according to MacroElf.