U.S. senators won’t be weighing in on prediction markets bets after banning themselves

The U.S. Senate, which has been working hard to push legislation on the structure of cryptocurrency markets, took lightning action on Thursday to ban itself from participating in prediction markets. Under a simple 14-line resolution pushed by Ohio Republican Sen. Bernie Moreno, the Senate unanimously approved restrictions on members and increasingly popular and controversial betting…

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Robinhood (HOOD), Coinbase (COIN) plunge in crypto stock rout, outpacing bitcoin (BTC) decline

Cryptocurrency-related stocks tumbled across the board on Wednesday, with exchanges taking the biggest hit after poor results from Robinhood and rising tensions between Iran and the United States Robinhood (HOOD), a crypto-friendly digital brokerage, saw its shares plunge nearly 14% late Tuesday after reporting a nearly 47% drop in first-quarter crypto-related revenue. The weakness spread…

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