Anti-crypto advocates are counter-lobbying crypto in DC 

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In the midst of the recent collapse of the Terra network a lot of investors have lost a fortune in r Terra (LUNA) and TerraUSD (UST) savings.

Yesterday, the Federal Reserve published a study that examined the possibilities of the central bank digital currencies (CBDC) on the implementation of U.S. monetary policies. 

The academic’s letter is an attempt to dissuade regulators from supporting the efforts of pro-crypto lobbyists to create a “regulatory safe haven” for the crypto marketplace.

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Analysts have very mixed and varying opinions on the U.S. Federal Reserve’s quantitative tightening that’s scheduled for today. Even though it remains a volatile marketplace and there are doubts over how long Bitcoin’s recent price bounce will last, voices remain strong on crypto.