With bitcoin’s best day in two months and a surprisingly positive report out of Chinese state media, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Several Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year’s top performing investment.
The Digital Commodity Exchange Act would bring crypto exchanges into a single federal framework, overseen by the Commodity Futures Trading Commission.
The draft bill would define bitcoin and other cryptos as “currency” instead of an “asset” for tax purposes.