FameEX Morning Crypto News Recap | April 11, 2023

Brazilian Bank Launches Dollar-Backed Stablecoin to Expand Investment Opportunities for Customers
https://www.fameex.com/en-US/news/crypto-trending-news-2023041101
BTG Pactual, the investment banking company, has launched a stablecoin backed by the US dollar to expand its digital currency services. The stablecoin will allow customers to "dollarize" their assets and will provide investment liquidity while ensuring security and efficiency, according to the bank. The move indicates the bank's growing acceptance of blockchain technology and its potential to transform traditional finance.

Critics Slam Texas Bill Eliminating Crypto Mining Incentives, Citing Stifled Innovation
https://www.fameex.com/en-US/news/crypto-trending-news-2023041102
The Texas Senate committee approved the Senate Bill 1751 on April 4, allowing the legislation to move forward for a floor vote. The proposed bill has been criticized by some as it would impose restrictions on crypto mining facilities and remove incentives for crypto miners operating in Texas.

Bitcoin Surpasses Donald Trump in Google Trends Searches
Based on Ahrefs data, Bitcoin is gaining more attention from Americans, with Nevada being the state with the highest interest in the cryptocurrency. This is reflected in search volumes, with Bitcoin surpassing former US President Donald Trump in popularity and becoming one of the most searched terms in the country.

US Congressman Accuses SEC Chief of Being a 'Bad Faith Regulator'
During a podcast interview on April 7th, US Congressman Tom Emmer criticized SEC Chief Gary Gensler as a "bad-faith regulator." Emmer and the host discussed various topics, including the government's potential efforts to cut off crypto from the banking system, Binance's lawsuit, and Emmer's objections to FedNow, the Federal Reserve's new payment system. The incident highlights ongoing tension between regulators and the crypto industry.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.