Wall Street banks back Elizabeth Warren’s Digital Asset Anti-Money Laundering Act

By CryptoSlate July 31, 2023 In Bitcoin, BNB, Cryptocurrencies, FTX, Regulation

UK think tank argues AI leadership hinges on effective regulation in new report

Former prosecutor-turned-lawmaker Alfredo Gaspar has called upon the legislature to summon the company’s Brazilian general manager to appear in order to “provide clarifications.”

US Congressmen urge SEC to keep definition of ‘qualified custodian’ unchanged

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Blockchain.com CEO says there’s never been ‘as high a chance’ of US default, while Tether CTO considers it unlikely

Politics 2 months ago 2 min read

Executives from both firms have commented on the looming debt default.

Blockchain.com CEO says there’s never been ‘as high a chance’ of US default, while Tether CTO considers it unlikely

Ron Desantis promises to protect Bitcoin and oppose a CBDC as president

Featured 2 months ago 2 min read

The controversial Florida governor officially announced his candidacy in a Twitter Space with Elon Musk.

Ripple CEO expects court ruling on SEC’s case in ‘weeks’

Legal 2 months ago 2 min read

Ripple CEO said the US government placed politics ahead of smart policy, pushing several crypto firms to friendlier jurisdictions.

UK core inflation hits 28-Year high, boosting Bitcoin adoption as safe haven

Analysis 2 months ago 2 min read

Here’s how the U.K.’s soaring core inflation and declining fiat currency values are driving investors towards Bitcoin

Would the Bitcoin Standard make war unaffordable?

Analysis 2 months ago 3 min read

Explore the debate on whether adopting Bitcoin as a form of hard money could potentially make war unaffordable, prompting governments to seek alternative strategies for conflict resolution.

Would the Bitcoin Standard make war unaffordable?

Treasury Secretary Yellen repeats warning of US debt default

Macro 2 months ago 1 min read

Secretary of the Treasury Janet Yellen said that her agency could be unable to pay the bills of the U.S government by early June.

Treasury Secretary Yellen repeats warning of US debt default

Biden opposes agreement that could protect “tax cheats and crypto traders”

Politics 2 months ago 2 min read

The Biden administration previously said that cutting tax loopholes could save $18 billion despite competing proposals from the Republican party.

Biden opposes agreement that could protect “tax cheats and crypto traders”

US house financial committee gives SEC Chair Gensler ultimatum to respond to inquiries

Texas embraces greener Bitcoin mining with approval of flare gas emission bill

U.S. lawmaker Tom Emmer said the SEC, under Gary Gensler, had consistently brought enforcement actions against crypto firms.

IMF issues warning on El Salvador’s Bitcoin experiment amid calls for greater transparency

Uniswap BNB deployment is ‘now or never’ as a16z disagrees on bridge solution

DeFi 6 months ago 3 min read

Roughly 150 million UNI tokens are still eligible to vote as the BNB Chain proposal looks to pass

Uniswap BNB deployment is ‘now or never’ as a16z disagrees on bridge solution

Turkey’s Nation Alliance set for crypto adoption

Politics 6 months ago 2 min read

Turkey’s opposing coalition released its doctrine as the elections approach — which included 13 matters aiming to increase crypto adoption.

Turkey’s Nation Alliance set for crypto adoption

SEC’s Hester Peirce says crypto industry should not wait for regulators to solve problems

Regulation 6 months ago 2 min read

SEC Commissioner Hester Peirce advocates for a more transparent and collaborative approach to crypto regulation, emphasizing the importance of decentralization and the diversity of the crypto space.

Massachusetts bill for special blockchain commission to assess government usage

Adoption 6 months ago 3 min read

The Special Commission bill was filed on the same day as another bill related to increasing consumer protection against crypto exchanges.

Massachusetts bill for special blockchain commission to assess government usage

Every third member of the US Congress received money from FTX

Politics 6 months ago 1 min read

Sam Bankman-Fried and other executives at FTX donated cash to 196 members of the new U.S. Congress.

Every third member of the US Congress received money from FTX

El Salvador approves Bitcoin bond by passing bill

Adoption 7 months ago 1 min read

The bonds, worth $1 billion, will fund a “Bitcoin City” and go toward buying more BTC.

El Salvador approves Bitcoin bond by passing bill

White House says SBF meetings concerned pandemic prevention, not just crypto

Politics 7 months ago 2 min read

The press secretary minimized the role that cryptocurrency played in discussions.

North Korean hackers reportedly stole $1.2B in crypto since 2017

Hacks 7 months ago 2 min read

North Korea is allegedly investing these funds into its nuclear missile program.

North Korean hackers reportedly stole $1.2B in crypto since 2017

FTX seeks to recoup SBF’s donations to US politicians

Exchanges 7 months ago 1 min read

As a part of the restructuring process, FTX’s new management led by John Ray III said it will set up a process to accept refunds from recipients of SBF’s donations.

FTX seeks to recoup SBF’s donations to US politicians

SBF ‘not currently planning’ on attending Dec. 14 Senate hearing

Politics 8 months ago 1 min read

Talking on a Twitter Space Sam Bankman-Fried stated that he is not currently planning to attend the Wednesday hearing

El Salvador buys back sovereign bonds to reduce debt

Adoption 8 months ago 1 min read

El Salvador has repurchased $74 million worth of its sovereign bonds maturing in 2023 and 2025.

El Salvador buys back sovereign bonds to reduce debt

Congressman Brad Sherman claims FTX ‘deterred legislation’ with money

Politics 9 months ago 2 min read

Congressman Brad Sherman said his anti-crypto stance was correct all along and urged the SEC to take decisive action.

Congressman Brad Sherman claims FTX ‘deterred legislation’ with money

SBF reveals he donated to Republicans & Democrats as lobbying by crypto firms continues ahead of the midterms

Politics 9 months ago 2 min read

FTX CEO Sam Bankman-Fried has revealed he supports bipartisan politicians who push the permissionless finance agenda

Lebanon Locals are turning to Bitcoin, Tether amidst an economic crisis

Adoption 9 months ago 2 min read

As Lebanon’s economy struggles and people lose trust in banks, they are relying on Bitcoin and Tether to store funds and make payments.

SEC charges members of Trade Coin Club for operating 82K BTC crypto Ponzi scheme

Crime 9 months ago 2 min read

The SEC alleges members of the Trade Coin Club swindled 82,000 bitcoin from investors by disgusing as a crypto trading bot that promised high investment returns.

SEC charges members of Trade Coin Club for operating 82K BTC crypto Ponzi scheme

Britain’s new ‘pro-crypto’ Prime Minister slammed as ‘no friend of Bitcoin’

TRON becomes legal tender in Dominica

Adoption 10 months ago 2 min read

Tron-native tokens will be accepted as a medium of payment in the Commonwealth of Dominica.

TRON becomes legal tender in Dominica

Japan to invest in metaverse, NFTs to drive implementation of Web3 services

Adoption 10 months ago 2 min read

Japan’s Prime Minister Fumio Kishida has made Web3 development one of the pillars of economic revitalization since assuming office in 2021.

Japan to invest in metaverse, NFTs to drive implementation of Web3 services

UK should lower crypto tax rate to encourage growth – MP Matt Hancock

Taxes 10 months ago 2 min read

Matt Hancock announced during Zebu Live that HMRC needs to take a growth-maximizing mindset by lowering taxes to foster innovation within crypto

Australian senator releases draft bill to push for crypto regulation

Adoption 10 months ago 2 min read

Australian liberal senator Andrew Bragg introduced a draft bill for regulations on digital asset exchanges and Chinese banks provisioning digital e-Yuan.

Australian senator releases draft bill to push for crypto regulation

Trudeau says showing support for crypto is irresponsible leadership

Politics 11 months ago 1 min read

Trudeau said he was ready to call out Pierre Poilievre’s support for Bitcoin and criticism of inflation as irresponsible leadership.

Chamber of Digital Commerce urges SEC to approve Bitcoin ETF for US investors

Politics 11 months ago 2 min read

The Chamber of Digital Commerce said that the SEC’s failure to approve a spot bitcoin ETF is forcing U.S. investors to turn to more regulated regions.

Chamber of Digital Commerce urges SEC to approve Bitcoin ETF for US investors

US lawmakers warn that Facebook, Instagram are ‘becoming breeding ground’ for crypto scams

Crime 11 months ago 2 min read

An FTC report states that Meta’s Instagram facilitated 32% of scams reported on social media, while Facebook and WhatsApp were cited 26% and 9% of the time, respectively.

US lawmakers warn that Facebook, Instagram are ‘becoming breeding ground’ for crypto scams

Research: Cryptocurrencies at risk as new UK Prime Minister contends with economic challenges

Research 11 months ago 2 min read

Liz Truss has yet to declare her crypto stance. However, tough decisions in the meantime spell trouble ahead for digital assets.

Research: Cryptocurrencies at risk as new UK Prime Minister contends with economic challenges

Russia to settle cross-border payments using stablecoins

Stablecoins 11 months ago 2 min read

Russia is developing a digital platform that will allow it settle cross-border transactions with more friendly countries using commodity-backed stablecoins.

Russia to settle cross-border payments using stablecoins

Ukraine seizes $19,500 from crypto wallet dedicated to supporting Russian forces

Ukraine spent over $38M of donated crypto funds on military equipment

Bitcoin falls short of $25K as US, China tensions over Taiwan grow

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