A new bill by Brazilian MP Adriana Ventura aims to allow investment funds to enter the cryptocurrency market, enhancing Brazil’s stature in Latin America. This legislation seeks regulatory approval for funds to invest in vetted crypto assets, recognizing their legitimacy in modern investment portfolios.

Tether’s CEO, Paolo Ardoino, emphasized confidence in El Salvador’s crypto potential with the development of Tether Tower, a 70-story skyscraper. Despite this, the adoption of crypto for remittances has lagged, dropping significantly, raising concerns over Bitcoin’s effectiveness as a mainstream payment method.