Last week saw significant events in the cryptocurrency world, including regulatory changes and major acquisitions. Here are the key highlights.
Stripe Acquires Privy
Stripe is making a comeback in crypto by acquiring startup Privy, which helps developers integrate cryptocurrency wallets into apps. Privy currently supports over 75 million wallets and will operate independently under Stripe.
Argentina's President Cleared in $LIBRA Controversy
Argentina’s President Javier Milei has been cleared of wrongdoing related to his post about the $LIBRA memecoin. The anti-corruption office concluded he acted as an economist, not a public official. The post caused the token's market cap to soar to $4.5 billion before crashing by 90%.
CLARITY Act Advances in the U.S.
The CLARITY Act, which aims to establish clear rules for digital assets, is advancing in the U.S. Congress. It has passed through two key committees and received bipartisan support, promising better consumer protection and legal clarity for crypto companies.
This week brought several changes that impact the cryptocurrency market. The future of regulation will unfold in the coming times.
