Crypto mining company BIT Mining invests in decentralized protocol Prosper native token PROS

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Odaily Planet Daily News: Federal Reserve Chairman Powell: The Federal Reserve is committed to fulfilling its task of controlling inflation. The strong economy enables the Federal Reserve to make cautious decisions. (Golden Ten)

In prepared remarks on Thursday at the Practicing Law Institute’s 56th Annual Institute on Securities Regulation, U.S. Securities and Exchange Commission Chair Gary Gensler reflected on his time leading the agency’s team. Republicans retained control of the U.S. House on Wednesday, having secured a majority of 218 members, paving the way for crypto-friendly lawmakers to lead the Financial Services Committee and efforts for digital asset-related bills.U.S. spot bitcoin ETFs have surpassed $500 billion in cumulative trading volume — less than a year after their January debut.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

The proposed Strategic Bitcoin Reserve Act is cosponsored by Republicans Reps. Mike Cabell and Aaron Kaufer.The bill would allow Pennsylvania’s state treasurer to invest in bitcoin, digital assets and allow for investing in exchange-traded products.