Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, crypto companies are reportedly floating concessions in an attempt to get the market structure bill moving. US Treasury Secretary Scott Bessent said the government will not bail out Bitcoin or the broader crypto market during downturns and blockchain intelligence firm TRM Labs reached unicorn status after closing a $70 million Series C round.

Crypto companies are reportedly floating concessions relating to stablecoin yields in an attempt to unfreeze the delayed crypto market structure bill. 

The legislation passed the House but has stalled in the Senate as negotiations continue over whether stablecoin issuers should be allowed to offer yields, with banks arguing it will compete with and take money away from traditional savings accounts.

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