Wednesday May 11, 2022
◾ Treasury Secretary Yellen urged Congress to pass stablecoin regulations in 2022. (CNBC)
◾ Coinbase (COIN) reported a loss of 2.2 million users driving revenue down 53%% to $1.165 billion in Q1. Adding fuel to the negative report, CEO Brian Armstrong tweeted that the company has no risk of bankruptcy. (Coinbase)
◾ SEC Chair Gary Gensler is concerned th…
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