This week's newsletter is sponsored by Elephant.Money
Members of Congress own everything from Bitcoin to Coinbase stock! The five crypto owners represent a tiny minority of Congress as a whole. The total value of cryptocurrency swelled above $3 trillion in November thanks in part to new investors-including some Members of Congress. The Senate Committee on Banking, Housing and Urban Affairs heard from several expert witnesses with knowledge of stablecoins who urged lawmakers to establish a clear regulatory framework but could not seem to agree on where lines would be drawn. Anchorage has expanded its business to include staking and lending. Its CEO predicts banks will begin offering crypto to customers by the end of 2022. Anchorage, the fast-growing crypto storage firm that obtained a federal bank charter in January, announced it has raised $350 million from the asset management giant KKR, Goldman Sachs and others. Owen Odia, country Manager for Nigeria at Luno, looks at how cryptocurrencies could provide an ideal antidote to Africa’s costly cross-border payments as well as mitigating currency instability and helping to extend financial inclusion. You can find these stories and more at the link below:
While you are at it, why not subscribe to the CageChain Newsletter?
Also, check out this week's featured podcast:
