News Snapshot:
Bitcoin came under one of the most intense regulatory crackdowns in its brief history during the third quarter, choking off attempts by traders to lift the digital currency out of its steep spring selloff. The governments of the two largest economies in the world took direct aim at bitcoin and the cryptocurrency market. In the U.S., agencies like the Securities and Exchange Commission have promised [a crackdown on the sector](//www.wsj.com/articles/gary-gensler-focuses-on-crypto-trading-platforms-in-senate-hearing-11631640427?mod=article_inline) . The Treasury Department is preparing a report on stablecoins—digital currencies that tout values fixed to the dollar—amid concern about their potential to cause problems in both crypto and traditional...
