Here’s what happened in crypto today
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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, US Senator Elizabeth Warren questioned Meta CEO Mark Zuckerberg over his company's stablecoin plans, BlockSec data showed Tether froze over $500 million in USDT across 370 Ethereum and Tron addresses in 30 days, and Coinbase shares fell after reporting a $400 million net loss in Q1.
US Senator Elizabeth Warren is pressing Meta Platforms CEO Mark Zuckerberg for answers over the company’s stablecoin strategy, raising concerns about transparency and regulatory safeguards.
In a letter sent this week, Warren said Meta’s limited disclosures around its stablecoin initiatives were “deeply troubling,” pointing to the company’s earlier attempt to launch Libra — later rebranded as Diem — which faced intense regulatory opposition before being shut down.
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