Bipartisan Crypto Bill In Development By Senators Lummis & Gillibrand – March 25

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $44,320

Bitcoin price has touched as high as $45,113 today, as price convincingly breaks through and holds the $44,000 level.

Top-20 altcoins have cooled off from their multi-day rally, as Ethereum remains unchanged, BNB falls less than 1% and Cardano sees a 6% correction.

Top Stories for March 25, 2022 πŸ”₯

πŸ‘‰ Bipartisan Crypto Bill In Development By Senators Lummis & Gillibrand

Pro-crypto US Senator Cynthia Lummis is working alongside Senator Kirsten Gillibrand from New York on a crypto regulatory framework.

Gillibrand and Lummis are performing an in-depth review of the industry, working on a framework that will involve the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC).

Both senators share a common goal of addressing crypto market safety, consumer protection and certainty for markets.

πŸ‘‰ Exxon Tests Crypto Mining Using Wasted Flare Gas

Energy giant Exxon is reportedly running a pilot program in North Dakota, using wasted natural gas to power crypto mining operations on-site.

The project was launched in January 2021 and appears to have been hailed a success – with similar operations now planned for several other countries across the world. The program utilizes gas that would have been burned off otherwise, while contributing to cryptocurrency networks.

πŸ‘‰ Terra’s Anchor Protocol To Adjust Interest Rates On Monthly Basis

Terra blockchain’s Anchor protocol has passed a proposal which will adjust interest rates on a monthly basis, by 1.5% per adjustment. The periodic adjustments are designed to make the protocol more sustainable, with Anchor previously paying up to 20% annually to UST stablecoin depositors.

Whether the adjustment is an overall increase or decrease depends solely on the movement of the protocol’s yield reserves.