Binance will launch a new ‘industry recovery fund’

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Binance will launch a new ‘industry recovery fund’
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Binance will launch a new fund to help prop up crypto projects facing liquidity crunches.

FTX roiled markets throughout the week, culminating with the exchange's Chapter 11 bankruptcy filing on Friday.

A shift in power could affect negotiations around new rules for digital assets, giving Republicans, if they take the majority, increased leverage in the House to influence policy around stablecoins and oversight of crypto’s spot markets, as well as more oversight power over regulators.

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