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: At the World Economic Forum in Davos, Circle CEO Jeremy Allaire rejected claims that stablecoin yields could spark bank runs, a key crypto bill will likely be delayed as the US Senate prioritizes affordability, and former Alameda Research CEO Caroline Ellison was released from federal custody after 440 days.
Circle CEO Jeremy Allaire dismissed concerns that interest payments on stablecoins pose a threat to banks.
Speaking Thursday at the World Economic Forum in Davos, Allaire described concerns that stablecoin yields could cause bank runs as “totally absurd,” citing historical precedents and existing reward-based financial services already in use.
