Crypto CEOs Call for Clarity 🇺🇸

Plus, Kickstarter is going decentralized. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $2.33T (+0.10%) 24 Hour Volume $99.16B (-4.72%) Notable Movers[(NEAR) $9.28]( (+16.45%) Notable Movers (DeFi)[(API3) $4.63]( (+31.85%) Bitcoin Dominance 39.91 %[(-0.45%)]( Bitcoin Price[(BTC) $49,166.95 (-0.24%)]( Ethereum Price[(ETH) $4,280.04 (-0.52%)]( Cardano Price[(ADA) $1,36 (-1.06%)]( Earn up to 700 USDT Welcome Bonus for New User on ApolloX! Simply create an account and complete missions to earn rewards on ApolloX! Join the best crypto futures exchange now! [Register & Earn!]( Editor's Note What Could MongooseCoin Do to CryptoCoin? I won’t replicate the entire quotation (keep reading our news coverage below to see it in its full glory), but I’m leading with my favorite part of U.S. Rep. Brad Sherman’s thoughts on crypto during yesterday’s [hearing](. His main point, if you can find it, is that various cryptocurrencies (he cites some real ones, like Ether, some fake, like HamsterCoin) are facing the threat of competition between one another. This, according to Sherman, is actually their "number one threat." I have several questions for Rep. Sherman. - Why must cryptocurrencies be in competition with each other? Why can’t they each exist for their own reasons, much like other currencies all over the world? - What makes you say that Ether could be displaced by DOGE? Curious to hear that reasoning! - And last but not least — what, indeed, could a MongooseCoin do to a CryptoCoin? Gauntlet thrown! Win $150 in bonuses at the Bybit Next Level live event! Bybit CEO Ben Zhou shares at this live event about all the exciting new products and services Bybit has to offer. [Learn more!]( Today's Top Stories [Macro News] [Crypto CEOs face Congress]( Six crypto CEOs have urged U.S. politicians to provide greater regulatory clarity on digital assets during a hearing in Congress. However, the entrepreneurs also warned that overly strict measures could force some of the sector's biggest firms to move overseas. Coinbase's chief financial officer Alesia Haas said: "Without tailored legislative solutions that are openly debated with public participation, the United States risks unnecessarily onerous and chilling laws and regulations." [A 'constructive' meeting]( The hearing was expected to be a combative affair — where Congress would take the opportunity to attack crypto businesses. FTX CEO Sam Bankman-Fried was "expecting hostility and grandstanding, but instead found the discussion to be by and large productive and helpful." Some lawmakers were even full of praise for the crypto sector. Republican Congressman Pete Sessions said: "I am tremendously impressed. I see a lot of ingenuity, a lot of entrepreneurial spirit." [Lack of understanding remains]( Not all members on the House Financial Services Committee were up to speed on how crypto works. Rep. Brad Sherman is one of them. In 2019, he said Facebook's digital currency "may do more to endanger America than 9/11." Yesterday, he said: "The No. 1 threat to cryptocurrency is crypto. Bitcoin could be displaced by Ether, which could be displaced by DOGE, which could be displaced by HamsterCoin. And there's CobraCoin, what could MongooseCoin do to CryptoCoin?" [OpenSea rows back on IPO plans]( OpenSea has rowed back on suggestions that it is planning an initial public offering after a fierce backlash from users. The NFT marketplace's new financial officer, Brian Roberts, had suggested this was the case in a Bloomberg interview. But "setting the record straight" on Twitter, he said: "There is a big gap between thinking about what an IPO might eventually look like and actively planning one. We are not planning an IPO, and if we ever did, we would look to involve the community." [Reddit to expand crypto tokens]( Reddit has confirmed that Community Points are being rolled out to other subreddits — and interested groups can now join a waitlist. Until now, the Ethereum-based tokens have been limited to the r/Cryptocurrency and r/FortniteBR subreddits. These Community Points can be used for tipping, increasing voting power on polls, and snapping up items that are unique to each community. They also serve as a way of building a user's reputation. Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by [Molly Zuckerman]( and [Connor Sephton]( Was this email forwarded to you? [Sign up here](. -WANT MORE CRYPTO BITES? - [Sign up here]( for Daily Newsletters. [App Store]( [Google Play]( [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2021 CoinMarketCap [Update Settings]( | [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States