A class-action lawsuit has been filed against Coinbase in Illinois, accusing la platform of violating the state's Biometric Information Privacy Act (BIPA).

The lawsuit alleges that Coinbase collected facial biometric data during KYC procedures without proper user disclosure or consent and shared it with third-party vendors such as Jumio, Onfido, and Au10tix.

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President Trump said that the crypto market was 'much stronger' than the stock market during the recent crisis, calling it 'very popular' and 'very heated.'

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Fed president Jerome Powell stressed that 'banks were serving cryptocurrency customers' and emphasized that the Fed does not 'want to disrupt the banks that serve perfectly legal customers', thus recognizing the legitimacy of many cryptocurrency companies.

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The US announced the inflation numbers:

 IPC: 3.0% yoy, 0.5% mom
 IPC Expected: 2.9% yoy, 0.3% mom

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