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Patrick McHenry warned lawmakers that they would ultimately fail if they attempted to control decentralized cryptocurrencies.
1 AM (UTC) is the time when bitcoin has reached a higher volatility over the last 2 years.
Previous gains which took BTC/USD closer to $11,000 evaporate amid new worries over legal upheavals.
Bundesbank President Jens Weidmann spoke in favor of Facebook’s Libra during a recent G7 event, a report says.
Four consumer protection groups have asked the 27 founding members of the Libra Association to abandon the social network's project.
Major U.S.-based crypto exchange Coinbase has discontinued its crypto investment bundles product, the platform’s updated FAQ site reveals.
Suspicions are reportedly focusing on U.S. users circumventing a ban on trading.