Illustration: Rebecca Zisser/Axios

Ohio continues its efforts to attract cryptocurrency entrepreneurs with $100 million in new funding for startups, but that's not all of the important industry news this week.

Catch up quick: U.S. congressmen introduced bills to protect from cryptocurrency price manipulation, Venezuela will sell oil for Petro cryptocurrency in 2019, and a new document shows that the U.S. government is interested in tracking privacy coins.

U.S. congressmen introduce bills to protect from cryptocurrency price manipulation (Rep. Darren Soto, D-Fla., website)

  • Why it matters: The bills aim to address two critical issues: price manipulation, which has been one of U.S. regulators' biggest concerns, and whether U.S. regulations are enabling innovation compared to other countries. These are only the latest efforts in Congress to get regulatory clarity and move the digital currency industry forward.

Venezuela to sell oil for Petro cryptocurrency in 2019, says Maduro (CoinDesk)

  • Why it matters: Venezuelan President Nicolás Maduro has been pushing the country's cryptocurrency, the Petro, which is pegged to its oil and mineral reserves. Maduro's plan to move all oil sales to the cryptocurrency is an attempt to sidestep U.S. sanctions on the country.

U.S. government interested in tracking privacy coins, new document shows (CoinDesk)

  • Why it matters: Documents from the Department of Homeland Security show the agency wants to find ways to track digital tokens specifically designed with heightened privacy features in case of illegal activities. The agency's interest isn't a surprise — several years ago, federal agents analyzed bitcoin transactions to catch corrupt colleagues.

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Updated 5 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging — Pence no longer expected to attend Barrett confirmation vote after COVID exposure.
  2. Health: 13 states set single-day case records last week
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. States: Nearly two dozen Minnesota COVID cases traced to 3 Trump campaign events
  6. World: Unrest in Italy as restrictions grow across Europe.
  7. Media: Fox News president and several hosts advised to quarantine.

Republicans and Dems react to Coney Barrett's Supreme Court confirmation

President Trump stands with Judge Amy Coney Barrett after she took the constitutional oath to serve as a Supreme Court justice during a White House ceremony Monday night .Photo: Tasos Katopodis/Getty Images)

President Trump said Judge Amy Coney Barrett's Senate confirmation to the Supreme Court and her subsequent taking of the constitutional oath Monday was a "momentous day," as she she vowed to serve "without any fear or favour."

Of note: As Republicans applauded the action, Democratic leaders warned of consequences to the rush to replace the late liberal Justice Ruth Bader Ginsburg with a conservative so close to the election, as progressives led calls to expand the court.

Hurricane Zeta makes landfall in Mexico ahead of expected arrival in U.S.

Hurricane Zeta's forecast path. Photo: National Hurricane Center

Hurricane Zeta made landfall on Mexico's Yucatan Peninsula as a Category 1 storm late Monday packing maximum sustained winds of 80 mph, per the National Hurricane Center.

The state of play: Louisiana Gov. John Bel Edwards (D) declared a state of emergency Monday as Zeta strengthened into a hurricane earlier Monday.