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Trump Takes Significant Lead Over Harris in Polymarket Odds for 2024 Election Win

Bitcoin.com
Trump Takes Significant Lead Over Harris in Polymarket Odds for 2024 Election Win
2024
Trump Takes Significant Lead Over Harris in Polymarket Odds for 2024 Election WinOn Thursday, betting activity on Polymarket indicated that former President Donald Trump has pulled ahead of Vice President Kamala Harris in the race for the 2024 election. As of press time, Trump’s odds stand at 55.8%, with Harris trailing at 43.7%. This shift in favor of Trump has been observed since around Oct. 5, approximately […]
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Bitwise files Form S-1 for spot Solana ETF with SEC

Bitwise files Form S-1 for spot Solana ETF with SEC

Overturned Chevron deference likely won’t impact crypto regulation: Tom Emmer

Coin Telegraph
Overturned Chevron deference likely won’t impact crypto regulation: Tom Emmer
Chevron doctrine

Only a Donald Trump election victory and a mostly Republican Congress could make Chevron potentially impactful, says Representative Tom Emmer.

The crypto industry won’t benefit from an overturned legal doctrine that forced courts to use federal agency interpretations of ambiguous laws unless Congress passes legislation limiting what those agencies can regulate, says United States Representative Tom Emmer.

“I don’t think Chevron deference changes a whole lot,” Emmer told Cointelegraph at the Permissionless conference in Utah on Oct. 9.

The Supreme Court overruled the Chevron doctrine in June — meaning that US courts no longer need to “defer” to federal agencies like the Securities and Exchange Commission when interpreting ambiguous statutes.

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Bitwise files Form S-1 for spot Solana ETF with SEC

Bitwise files Form S-1 for spot Solana ETF with SEC

House Republicans urge SEC to rescind ‘disastrous’ SAB 121

Coin Telegraph
House Republicans urge SEC to rescind ‘disastrous’ SAB 121
Coin Telegraph

The House and Senate Republicans claimed the SEC evaded the notice and comment rulemaking process required by the Administrative Procedure Act by issuing SAB 121.

More than 40 United States Republicans have called on the US securities regulator to rescind its “disastrous” Staff Accounting Bulletin No. 121 rule after a repeal bill received bipartisan support before being vetoed.

SAB 121 upends custody rules for cryptocurrencies, weakens consumer protections, and stifles financial innovation, House Financial Services Committee Chair Patrick McHenry, Senator Cynthia Lummis and 40 other politicians claimed in a Sept. 23 letter to the Gary Gensler-led Securities and Exchange Commission.

The 42 politicians further claimed that SAB 121 — a proposed rule mandating that SEC-reporting entities custodying cryptocurrencies must record those holdings as liabilities on their balance sheets — was issued without consulting any “prudent regulators” and that the accounting approach “deviates from established accounting standards.”

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Bitwise files Form S-1 for spot Solana ETF with SEC

Bitwise files Form S-1 for spot Solana ETF with SEC

North Carolina Rejects Federal Digital Currency, Overrides Governor’s Veto

Bitcoin.com
North Carolina Rejects Federal Digital Currency, Overrides Governor’s Veto
bitcoin.com
North Carolina Rejects Federal Digital Currency, Overrides Governor’s VetoThe North Carolina General Assembly has overridden Governor Roy Cooper’s veto to enact a bill prohibiting a central bank digital currency (CBDC) in the state. The Senate voted 27-17, securing the required supermajority. The bill bars payments using CBDC and state participation in Federal Reserve testing. This bill reflects strong opposition to CBDCs and emphasizes […]
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Bitwise files Form S-1 for spot Solana ETF with SEC

Bitwise files Form S-1 for spot Solana ETF with SEC

Congressional elections critical for crypto’s future in the US

Coin Telegraph
Congressional elections critical for crypto’s future in the US
Coin Telegraph

The industry has amassed a historically large war chest, but little of it will be spent on the presidential clash between Trump and Harris.

Crypto entered the United States political arena in a big way in 2024. 

Fairshake, the industry’s super political action committee (PAC), has already raised $119 million, primarily from corporate crypto donors. 

Yet perhaps counterintuitively, little, if any, of this historically large sum will be spent on the presidential clash between Vice President Kamala Harris and former President Donald Trump.

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Bitwise files Form S-1 for spot Solana ETF with SEC

Bitwise files Form S-1 for spot Solana ETF with SEC

Crypto Super PAC pours $660K into Senate race as US election closes in

Coin Telegraph
Crypto Super PAC pours 0K into Senate race as US election closes in
Coin Telegraph

With 57 days until the US election, expenditures from Super PACs seem to be heating up in Massachusetts and nationwide.

The Commonwealth Unity Fund, a political action committee (PAC) primarily funded by contributions from the co-founders of Gemini and Ripple Labs, has spent more than $600,000 toward the election of Republican candidate John Deaton in the United States Senate.

According to Federal Election Commission (FEC) records filed on Sept. 6, Commonwealth spent roughly $330,000 on media buys opposing Democratic incumbent Elizabeth Warren in the Massachusetts US Senate race. The Super PAC also spent the same amount on a media placement supporting Deaton.

The media buy marked one of the first significant expenditures from a crypto-backed Super PAC since Deaton won the Republican nomination for the US Senate race on Sept. 3. Backed by crypto industry leaders including the Winklevoss twins and Kraken co-founder Jesse Powell, the Republican candidate seeks to unseat Sen. Warren, who has served as Massachusetts’ Democratic Senator since 2013. 

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Bitwise files Form S-1 for spot Solana ETF with SEC

Bitwise files Form S-1 for spot Solana ETF with SEC

Super PAC spends $70K on crypto-focused Senate race as primary looms

Coin Telegraph
Super PAC spends K on crypto-focused Senate race as primary looms
Coin Telegraph

In November, Massachusetts voters will likely have to choose between incumbent Elizabeth Warren and Republican John Deaton or Ian Cain for the US Senate.

On Sept. 3, voters in Massachusetts will decide which political party candidates will advance to the November general election, a race that could have significant repercussions for the crypto industry.

In the 2024 United States Senate election for Massachusetts, three candidates across party lines have expressed staunch pro- or anti-crypto views, attracting financial support from the industry and criticism from others. According to polls conducted in May, incumbent Democratic Senator Elizabeth Warren was still highly favored above all potential Republican candidates, only one of whom will likely face off against her in November.

A lawyer who has penned many amicus briefs on behalf of crypto firms facing litigation from the US Securities and Exchange Commission, John Deaton has the support of many high-profile figures in the digital asset industry. This includes Ripple, which donated $1 million to a political action committee (PAC) supporting Deaton’s campaign, Gemini co-founders Cameron and Tyler Winklevoss, Kraken co-founder Jesse Powell and Cardano founder Charles Hoskinson.

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Bitwise files Form S-1 for spot Solana ETF with SEC

Bitwise files Form S-1 for spot Solana ETF with SEC

Texas Senator discloses up to $100K BTC after blockchain endorsement

Coin Telegraph
Texas Senator discloses up to 0K BTC after blockchain endorsement
Assets

After visiting a Bitcoin mining facility and receiving the endorsement of a blockchain advocacy group, Senator Ted Cruz reported purchasing up to $100,000 worth of BTC in 2023.

Ted Cruz, the junior United States senator representing Texas, disclosed he purchased up to $100,000 worth of Bitcoin through financial services firm River Financial.

In an Aug. 13 disclosure filing with the US Senate, Cruz revealed he bought between $50,001 and $100,000 worth of Bitcoin (BTC) as part of his personal holdings in 2023. The filing came just one day after the advocacy group Texas Blockchain Council endorsed the senator for his 2024 reelection campaign, highlighting his views on crypto.

The Texas senator also reported he purchased Bitcoin in 2022, declaring between $15,001 and $50,000 worth of the cryptocurrency. His 2023 disclosure form did not include three BTC miners he claimed to have purchased in May, which will likely be officially reported sometime in 2025.

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Bitwise files Form S-1 for spot Solana ETF with SEC

Bitwise files Form S-1 for spot Solana ETF with SEC

US Senate Majority Leader to speak at crypto event for Kamala Harris

Coin Telegraph
US Senate Majority Leader to speak at crypto event for Kamala Harris
Chuck Schumer

Senator Chuck Schumer and 10 Democratic senators sided with Republicans to pass a resolution overturning an SEC rule on banks holding crypto, later vetoed by President Biden.

Chuck Schumer, the Majority Leader of the United States Senate and a high-ranking member of the Democratic Party, will reportedly be attending a virtual town hall with crypto advocates in support of Kamala Harris’ presidential campaign.

According to an Aug. 14 Politico report, Senator Schumer will speak at the “Crypto4Harris” virtual event with other US lawmakers and entrepreneurs, including Dallas Mavericks minority owner Mark Cuban. One of the event organizers retweeted a report suggesting that the New York senator would attend and speak.

Since the self-described grassroots group launched on Aug. 6, it has added speakers to the event, including New York Senator Kirsten Gillibrand, North Carolina Representative Wiley Nickel, California Representative Adam Schiff and Democratic candidates across several states. Professionals with expertise in crypto, including Crypto Council for Innovation CEO Sheila Warren, DNA Legacy Blockchain Brokerage co-founder Adilah Holivay and SkyBridge Capital founder Anthony Scaramucci, will also attend.

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Bitwise files Form S-1 for spot Solana ETF with SEC

Bitwise files Form S-1 for spot Solana ETF with SEC

Texas Blockchain Council endorses Ted Cruz for US Senate

Coin Telegraph
Texas Blockchain Council endorses Ted Cruz for US Senate
Coin Telegraph

The junior senator from Texas has spoken at several crypto conferences about Bitcoin mining and its potential benefits for the Lone Star State’s energy grid.

The cryptocurrency and blockchain advocacy organization Texas Blockchain Council (TBC) announced it endorsed incumbent Ted Cruz for reelection in the United States Senate.

In an Aug. 12 X post, president Lee Bratcher said the TBC would endorse the junior senator as Cruz addressed a crowd at a Core Scientific mining facility in Denton, Texas. Bratcher hinted the Texas senator was knowledgeable about “Bitcoin as a tool for ensuring freedom and mining as a tool for grid stability.” In an X post at the event, Cruz said, “Crypto is the future.”

Source: Lee Bratcher

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Bitwise files Form S-1 for spot Solana ETF with SEC

Bitwise files Form S-1 for spot Solana ETF with SEC

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