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, Plasma founder Paul Faecks denied insider selling accusations after the XPL token plummeted over 50%, Swedish members of parliament have proposed that the country look into establishing a Bitcoin reserve, and US lawmakers are weighing changes to crypto tax rules.
Plasma founder Paul Faecks denied accusations of insider selling after the project’s native token, XPL, dropped by more than half its value over the weekend.
On Thursday, Faecks rejected speculation that the team offloaded tokens into the market, stressing that investor and team allocations remain locked for three years with a one-year cliff. “No team members have sold any XPL,” he said.
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