Crypto spent $55 million defending a senator who already backed CLARITY

Crypto spent $55 million defending a senator who already backed CLARITY
Defend American Jobs, a crypto-backed political group, spent more than $55 million supporting Republican Jon Husted and opposing Sherrod Brown in Ohio between Sept. 21 and Oct. 26, according to Americans for Financial Reform. Husted had already voted to advance the CLARITY Act. Americans vote today, Nov. 3, in midterm elections that will determine control… … Read more

Aave borrowers faced up to 36% APR while a freeze blocked fresh collateral

Aave borrowers faced up to 36% APR while a freeze blocked fresh collateral
Borrowers in Aave's frozen reserves kept paying interest while the restrictions prevented fresh deposits, including the extra collateral they might normally supply to protect a loan. Suppliers were still able to request their money back, provided enough tokens were available, so withdrawals could make borrowing more expensive even though new borrowing was blocked in those… … Read more