Crypto Update 7/29/21 | What Does the New Infrastructure Bill Mean for Crypto?

With bitcoin hovering at around $40K and a look at a troubling-for-crypto section of Washington’s proposed Infrastructure bill, CoinDesk’s Markets Daily is back with the latest news roundup.

Add Markets Daily to your Alexa Flash Briefing here.

This episode is sponsored by Kava and Nexo.io.

Today's Stories:

Stock Futures Creep Up Ahead of GDP Data

China Stocks Rally as Beijing Intensifies Effort to Calm Market

Federal Reserve Keeps Rates Near Zero, Still Sees Inflation as 'Transitory'

Gold surpassing $2k indicates inflation is here to stay, says a prominent economist

Think Tank Rand Says Crypto Should Be Included in US-Japan Digital Trade Deal

Mexico Regulator Says 12 Crypto Exchanges Are Operating Illegally

Crypto User Doubled in Six Months

FTX Renames iconic Blockfolio Trading App to ... FTX

EU-Backed Investment Fund Puts $30M Into Crypto VC Firm's New $120M Vehicle

Bank of America Calls CBDCs 'More Effective' Than Cash in Research Note

National Parks Are So Crowded That Congress Is Getting Involved

Dallas Symphony Orchestra Releases Classical Music NFTs on Rarible

Featured Story: Bipartisan Infrastructure Deal Could Impose New IRS Reporting Requirements on Crypto Firms

-

Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.

-

Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.