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, Coinbase’s Brian Armstrong is confident a crypto bill will pass Congress, Wormhole released updated tokenomics for its native token, introducing a reserve and higher yields for stakers, and the UK Financial Conduct Authority released proposals on how existing financial rules should apply to crypto.

Coinbase CEO Brian Armstrong said on Wednesday that legislation to define who polices crypto in the US has “a good chance of getting done” after witnessing strong bipartisan support for the crypto market structure bill this week. 

Armstrong had met with lawmakers over the last few days over the Digital Asset Market Clarity Act, saying it was “how we ensure the crypto industry can be built here in America, driving innovation and protecting consumers, and making sure we never have another Gary Gensler trying to take your rights.”

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