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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.

Go deeper

Venezuela suspends talks with opposition after Maduro ally extradited to U.S.

Venezuelan President Nicolás Maduro in Caracas, Venezuela, in June. Photo: Gaby Oraa/Bloomberg via Getty Images

A key ally of Venezuela's President Nicolás Maduro was extradited from Cape Verde to the U.S. Saturday to face money laundering charges in Florida, Bloomberg first reported.

Why it matters: Venezuela's government called off negotiations with opposition officials that were scheduled for Sunday in Mexico in response to the extradition of Alex Saab, a Colombian businessman and financial fixer for Maduro.

4 hours ago - Health

5 times as many police officers have died from COVID as from guns since pandemic began

Photo: Genaro Molina / Los Angeles Times via Getty Images

COVID-19 is the leading cause of death for police officers even though members of law enforcement were among the first to be eligible to receive the vaccine, CNN reports, citing data from the Officer Down Memorial Page.

Why it matters: Nearly 476 police officers have died of COVID-19 since the pandemic started, compared to the 93 deaths as a result of gunfire in the same time period, according to ODMP and CNN.

Virginia energy giant quietly boosts McAuliffe

Former Virginia Gov. Terry McAuliffe speaks during a campaign rally on Oct. 15 in Henrico, Virginia. Photo: Win McNamee/Getty Images

Virginia Democrat Terry McAuliffe has sworn off money from the Richmond company Dominion Energy. But the utility has found more subtle ways to back McAuliffe's gubernatorial bid, records show.

Driving the news: Dominion's political action committee has donated $200,000 to a murky political group called Accountability Virginia PAC, a group with ties to prominent Democrats that's been running ads attacking Republican candidate Glenn Youngkin from the right.