FameEX Morning Crypto News Recap | April 19, 2023

ECB Head Lagarde Issues Warning of Catastrophic Consequences in the Event of a US Default on Debt Obligations
https://www.fameex.com/en-US/news/crypto-trending-news-2023041901
ECB President Christine Lagarde expressed confidence that the U.S. can meet its debt obligations, but warned that a default would be a "major disaster." There is ongoing discussion about whether Congress will act to avoid defaulting on the government's debt ceiling.

UK May Have Crypto Regulation Within a Year, Says Senior Minister
https://www.fameex.com/en-US/news/crypto-trending-news-2023041902
A British lawmaker has claimed that the UK government aims to establish regulations for digital assets within 12 months, with the goal of maximizing the benefits that blockchain technology can provide to the private sector and the economy.

Stablecoin experts gear up to brief US House Financial Services Committee
The US House of Representatives Committee on Financial Services is scheduled to hold a hearing on April 19 to discuss the regulation of stablecoins, following the release of a draft bill to establish a framework for such regulation. Some of the speakers invited to the hearing have shared transcripts of their planned testimonies in advance.

Intel to Cease Production of Chips for Bitcoin Mining
Intel will stop accepting orders for its Blockscale 1000 Series ASICs by October 20th and is set to cease shipping by April 2024, as per a recent report by Reuters. The move is part of the company's efforts to prioritize manufacturing specific chips for external clients, which would help reduce its overall costs.

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