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Regulation continues to be a hot-button issue as far as cryptocurrencies are concerned. This week, Patrick McHenry, a Republican member of the House of Representatives, introduced the Clarity for Digital Tokens Act of 2021. This bill looks to establish a safe harbor for digital tokens in the United States.
Crypto lending is a fairly new practice that appeals to many investors for its relatively simple procedures and attractive returns. Some crypto lending sites allow investors to earn annual percentage returns (APR) at rates as high as 25 percent—much higher than the annual returns traditional financial institutions typically offer.
MoneyGram International has announced a massive partnership to strengthen its crypto endeavors. This week, the company confirmed that it had partnered with the Stellar Development Foundation to integrate USDC transfers and conversions via its platform.