A bill introduced this week in Congress takes a hard line on Iran’s efforts to develop its own sovereign cryptocurrency. In a bid to provide services for institutional investors, investor tools provider Picks & Shovels is merging with crypto accounting startup CoinVantage. ConsenSys ‘spokes’ are being offered the option to seek outside funding or accept severance packages, sources tell CoinDesk. Coinbase has withdrawn its trademark application for “BUIDL,” a popular term used by some segments of the cryptocurrency community. Coinbase’s chief product officer, Jeremy Henrickson, left the crypto exchange in early November after more than two years of scaling the company’s tech team.