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Crypto markets remain flat for fourth consecutive week, TRON rallies on climbing USDT market cap

Bitcoin and Ethereum remained stagnant for the fourth consecutive week due to a slow news cycle. However, TRON saw an 8% rally to $0.076778, potentially due to the climbing market capitalization of the US dollar-pegged stablecoin Tether (USDT), which is mostly issued on TRON. Governor Ron DeSantis of Florida, who is running for the GOP's candidate in the 2022 US presidential elections, made crypto a major talking point in his campaign, stating that the Biden administration may "end up killing" Bitcoin. The International Organization of Securities Commissions (IOSCO) released policy recommendations for global crypto regulation, warning regulators about combining certain functions in a single legal entity or group of affiliated entities.

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