Bitcoin24h $77,427.06-3.01%

Ethereum24h $2,432.72-2.75%

BNB24h $687.87-3.56%

XRP24h $1.38-3.27%

Solana24h $103.56-3.52%

TRON24h $0.3380-0.57%

Hyperliquid24h $81.08-2.41%

Dogecoin24h $0.0846-3.93%

Zcash24h $794.55+0.24%

UNUS SED LEO24h $9.69+2.29%

Explained: Why Bitcoin users don’t send transactions directly to miners

Many believe that Bitcoin users send transactions directly to miners or pool operators. However, things are a little more random than that.

Here’s what the biggest stablecoins spent on lobbying in the US

Tether, Circle, and Paxos have all hired firms to lobby on their behalf in Washington DC but Coinbase still spends millions more.

As of March, Tether’s $1.5B in bitcoin was triple the amount of cash in its reserves. This change will likely exacerbate that difference.

The report says that regulating UK crypto as a financial service rather than gambling may lead consumers to believe it’s safe when it’s not.

The SEC wants investment advisors to hold all crypto assets with a qualified custodian but some have questioned the regulator’s authority.