The bill proposes exempting dollar-pegged stablecoins from gains or losses if the tokens remain tightly pegged to the underlying fiat currency.
While prediction market platforms are under legal scrutiny in the US, many Coinbase users are claiming that the app is pushing them to gamble.
Ether traders said ETH price could see further downside after bulls failed to defend the $2,000 support as signs of declining demand were apparent.
