New Stablecoin Bill Proposal in the Works

Terra Luna Co-founder Do Kwon Released on Bail After Document Forgery Charges ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.14T (+1.63%) 24 Hour Volume $29.03 (+38.33%) Notable Movers[(LTC) $87.02]( (+7.04%) Notable Movers (DeFi)[(CFX) $0.287]( (+13.84%) Bitcoin Dominance 46.48%[(+0.20%)]( Bitcoin Price[(BTC) $27,453.74 (+2.28%)]( Ethereum Price[(ETH) $1,830.97 (+1.52%)]( Cardano Price[(ADA) $0.3717 (+1.06%)]( Today’s Top Stories [Binance Leaves Canada]( Binance has decided to exit the Canadian market due to new regulations imposed by the Canadian Securities Administrators (CSA) on crypto trading platforms, stating that it tried to find a way to continue serving its Canadian customers, but found no viable option. [Ethereum Validator Software Patched After Finalization Issues]( The Ethereum network has experienced recent incidents affecting transaction finalization, believed to be related to high load on some clients. Patches have been released to optimize the performance of affected clients, and validators are urged to update their clients as soon as possible. [U.S. Congressional Democrats Working on Their Own Stablecoin Bill]( House Democrats are considering a new bill proposal on stablecoins, which would reportedly include more consumer protection measures and give the Federal Reserve more authority over stablecoin issuers. The bill aims to address growing concerns over the role of stablecoins in the crypto ecosystem and the broader financial system, and ensure that stablecoins are safe and compliant with existing laws. [Terra Luna Founder Do Kwon Out on Bail]( Terraform Labs co-founder Do Kwon has been released on bail from custody in Montenegro, where he was held for allegedly using fake documents to travel. Kwon is facing criminal charges of document forgery in Montenegro and is also wanted by Interpol for his role in the $40 billion collapse of the Terra ecosystem in May 2022. [Users of Collapsed Crypto Exchange Quadriga to Receive Some of Their Lost Funds]( Former users of QuadrigaCX, a Canadian crypto exchange that collapsed in 2018, will soon receive a fraction of their lost funds, as the bankruptcy trustee for QuadrigaCX has announced an interim dividend that will distribute about 87% of the funds it currently holds to creditors with proven claims. [Read The Full Newsletter]( [2023 NFT Market Analysis: An Insider Look]( 2023 NFT Market Analysis: An Insider Look We discuss the state of the NFT market, micro trends and liquidity, major projects and events, trader & whale analysis, NFTFi and valuation. [Read More]( [What Are BRC-20 Tokens? Explaining the Bitcoin Memecoin Hype]( What Are BRC-20 Tokens? Explaining the Bitcoin Memecoin Hype "Memecoins" on Bitcoin is probably not what Satoshi Nakamoto envisioned when he released the Bitcoin whitepaper in 2008, but it just might be the mass adoption Bitcoin deserves. [Read More]( Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2023 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States