Crypto Daily Report – April 7
Apr 7, 2022
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightApril 7, 2022Digital assets followed the US equities market after the Fed released its minutes that indicated the potential for a 50 basis point increase in interest rates. The market is currently down 2% over the past 24 hours, dipping below $2T for the first time sine March 27. Bitcoin is currently leading the market, down 2.6% ($43.8k), but Ethereum is slightly trailing the market, down 1.9% ($3,260).US Treasury Secretary Janet Yellen will be presenting a speech this morning about how she would prefer regulators to find ways to use the current financial regulatory bodies and laws for crypto companies. This has been a consistent viewpoint from Yellen, who sees crypto as a new financial product with many of the same issues in traditional finance that require regulatory scrutiny to protect the general public. Today’s speech will be the first major outcome of President Biden’s executive order last month, when he ordered the Treasury and SEC to find a way to effectively regulate digital assets and crypto companies.Y