Variant's chief legal officer, Jake Chervinsky, wrote in an X post that a group has just submitted a counterproposal to the Responsible Financial Innovation Act (RFIA), but the proposal is not serious. These senators claim to support cryptocurrencies, but what they propose is essentially equivalent to...
Transaction fees for Bitcoin and Ethereum have fallen to their lowest levels in seven months as the cryptocurrency market endured its bleakest week of 2024. Bitcoin's average transaction fee hit $1.93 per transaction on June 23, the lowest level since October 2023. The Bitcoin network's low gas fees are a sign of reduced network activity and less competition.