What’s up in crypto this week? Let’s discuss!

1️⃣ The New York State Senate approved a two-year moratorium on cryptocurrency mining using carbon-generated electricity. The Biden administration is developing guidelines for reducing energy consumption and environmental emissions when mining digital assets.

2️⃣ Japan's parliament passed a law defining the legal status of stablecoins as digital money: they must be linked to the yen or another legal tender and guarantee holders the right to redeem them at face value.

3️⃣ Musicians are getting enthusiastic about crypto: while The Weeknd partners up with Binance to launch a ‘Crypto-Powered’ world tour, Kanye West is looking into NFTs. Great cases for crypto mass adoption.

Have a nice week! ????