Why Ethereum Is Gaining Today

Ethereum (CRYPTO: ETH) is up 10.1% in the last 24 hours as of 3:34 p.m. ET on Tuesday. The jump comes as the S&P 500 notched up 0.4% and the Nasdaq Composite gained 0.7%.Ethereum reversed yesterday's decline after Federal Reserve Vice Chair Michelle Bowman told legislators that the Fed will work to create a framework for stablecoins within the banking system.On Monday, Bowman addressed the House Financial Services Committee, telling committee members that she would work with fellow regulators to "encourage innovation in a responsible manner," and that stablecoins could help create a more efficient banking system, but that it was her responsibility to ensure their use doesn't disrupt the "safety and soundness" of the financial system. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool