The embattled crypto lender’s ETH staking maneuver could potentially lengthen the waiting time to activate new validators in the Ethereum network to 44 days, one observer noted.
Ether and other major cryptos spent much of the day in positive territory.
The company plans to offer financial services that combine the potential of crypto with traditional financial services.
The miner's bitcoin production per unit of computing power was low in April.
In a statement, the trade group’s CEO Kristin Smith, said that regulatory actions should only target bad actors.
Crypto exchanges would gain a path to registering with the U.S. Securities and Exchange Commission (SEC) and would be able to trade digital securities, commodities and stablecoins all in one place under a proposal from the Republican chairs of the two House of Representatives committees trying to hash out a bill.