Weekly Crypto Recap—Fed Tensions, SEC Roundtable & BTC’s Big Movers
April 20–27 was another very eventful week for the crypto and financial sectors. From regulatory updates, new developments in institutional investment, and major moves by DeFi firms, the industry continues to evolve at a rapid pace
Monday – $BTC ($84,667)
Monday kicked off the week with major news in crypto. For starters, we got reports that fund manager Canary Capital was exploring a TRX-based financial product. The new fund will be structured as a commodity investment backed by the digital asset $TRX—with staking rewards to be reinvested in that same fund.
Later in the day, Coinbase CLO Paul Grewal publicly pressured the SEC to release its Ethereum 2.0 investigation documents, alleging that the Commission should…
