Top stories in the Crypto Roundup today: Ripple urges US Congress for ‘regulatory clarity’ on cryptocurrency, blockchain technology, Tether market cap hits all-time high on eve of New York Supreme Court hearing and Coinbase Earn sends Maker CDP creation soaring. 

Bitcoin (BTC) is trading at the time of writing at $9,599.04 (1.23%) with a daily volume of $2.70bn, while ether (ETH) is trading at $211.98 (1.47%) with a daily volume of $1.11bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,545.70 (1.01%).

Ripple Urges U.S. Congress for ‘Regulatory Clarity’ on Cryptocurrency, Blockchain Technology

An open letter to U.S. Congress from Ripple’s chief executive, Brad Garlinghouse, along with executive chairman and co-founder Chris Larsen, was published Sunday on the blockchain technology company’s blog.

The two Ripple executives pleaded that Congress “support regulation that does not disadvantage U.S. companies using [blockchain] technologies to innovate responsibly, and classifies digital currencies in a way that recognizes their fundamental differences—not painting them with a broad brush.”

“You have the world’s attention,” Garlinghouse and Larsen emphasized in the closing sentence of their open letter; a reference to the Senate Committee on Banking, Housing, and Urban Affairs’ hearing slated for July 30. “Let’s come together and seize the moment.”

Tether Market Cap Hits All-Time High on Eve of New York Supreme Court Hearing

The market capitalization of the Tether (USDT) stablecoin has increased to $4.04 billion, according to data from Messari’s Stablecoin Index—an all-time high for the U.S. dollar-pegged token.

USDT’s all-time high market capitalization comes on the eve of the New York Supreme Court’s next hearing in relation to the iFinex vs. New York Office of the Attorney General (NYOAG) case. iFinex is the parent company of Tether and cryptocurrency exchange Bitfinex.

Coinbase Earn Sends Maker CDP Creation Soaring

Coinbase has added a so-called ‘advanced lesson’ to Coinbase Earn - an educational service that rewards users for learning about different cryptocurrencies - in relation to Maker’s Dai stablecoin.

In the lesson, Coinbase Earn users are able to earn $14 worth of Dai for creating and funding a collateralized debt position (CDP) with Maker by using Coinbase Wallet, a non-custodial wallet offered by Coinbase

The new Coinbase Earn lesson has proven incredibly popular since going live late last week. According to InstaDApp’s MakerScan, Maker CDPs opened in July now outnumber the combined total of those opened in the preceding eleven months.

State of the Crypto by Top Tier Exchange Volume

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