Though live for only one hour, the tweet promoting a fraudulent airdrop received over 80,000 impressions and appears to have deceived hundreds of viewers.
Tied to a recently drafted bill surrounding stablecoin framework that was published in the House of Representatives document repository days before the planned hearing.
First introduced in June of 2022, the bipartisan Lummis-Gillibrand bill aims to offer regulatory clarity and designate a leading authority.
Citing the SEC’s use of regulation by enforcement as one of the leading factors causing crypto companies to look elsewhere.
What does this mean for existing crypto card offerings and should holders be concerned?