Prosecutors Recommend 5-7 Year Sentence for Former FTX Executive Ryan Salame
US House passes landmark FIT21 crypto bill with bipartisan support
The US House of Representatives has approved the Financial Innovation and Technology for the 21st Century Act (FIT21), a wide-reaching crypto regulation bill, with significant bipartisan support despite opposition from the White House and SEC.
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White House Won’t Veto Passage of FIT21 Despite Opposition From SEC Chair Gary Gensler
The White House has signalled it won’t veto the passage of the FIT21 bill despite U.S. Securities and Exchange Commission Chair Gary Gensler advocating against it. In a new press release, the White House says it does not support HR 4763, also known as the Financial Innovation and Technology for the 21st Century Act (FIT21), […]
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US lawmakers demand SEC-FINRA records on Prometheum ETH custody
Prometheum’s willingness to play along with the SEC’s ambitions for crypto regulation has stirred disapproval in many quarters.
Members of the United States Congress want to know what the Securities and Exchange Commission and Financial Industry Regulatory Authority (FINRA) were talking about when the SEC established Special Purpose Broker-Dealer (SPBD) requirements. They suspect the organizations and crypto trading and custody services provider Prometheum are setting an unwelcome precedent.
Chairman of the House Financial Services Committee Patrick McHenry and subcommittee heads Bill Huizenga and French Hill, all Republicans, stated in a letter to SEC Chair Gary Gensler that they were dissatisfied with the SEC’s response to a March 26 inquiry by 48 members of the House Financial Services and Agriculture Committees concerning Ether’s (ETH) classification as a security, rather than a commodity, and Prometheum’s intent (since realized) as an SPBD to custody ETH.
Related: US lawmakers allege CCP connection in calling for SEC, DOJ investigation of Prometheum
Nasdaq Revises World’s Largest Asset Manager Blackrock’s Spot Ether ETF Proposal
White House Opposes Crypto Bill FIT21 — Offers to Work With Congress on Balanced Framework for Digital Assets
$582,381,000,000 Added To US National Debt Since January As JPMorgan Chase CEO Issues Warning on America’s Fiscal Future
The US has added well over half a trillion dollars to its national debt since the start of 2024 as the CEO of the world’s largest bank issues a warning on the state of America’s balance sheet. According to new data from the Treasury, as of May 14th, the US national debt grew by $582.381 […]
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Nvidia reports $26 billion Q1 revenue, AI crypto tokens show correlative gains
Artificial intelligence (AI) related cryptocurrencies have posted notable gains, outperforming the broader digital asset market as investors receive Nvidia’s quarterly earnings report, following strong results from other tech companies.
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Analyst Unveils Bitcoin and Ethereum Price Targets, Says Incoming Altcoin Opportunities Will Be ‘Insane’
A widely followed analyst believes that the crypto market is on the verge of witnessing the next leg of its bull cycle. Pseudonymous analyst Kaleo tells his 639,700 followers on the social media platform X that the real bull market has not even started yet. The crypto strategist says that Bitcoin (BTC) is currently in […]
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Crypto Analyst Says It’s Time for Altcoins to Rally, Predicts New Bitcoin Breakout Amid Bullish Technical Setup
A closely followed analyst says that altcoins are likely about to spark new rallies while Bitcoin (BTC) decides its next move. Pseudonymous trader Rekt Capital tells his 470,000 followers on the social media platform X that altcoins are at the beginning of the “hype cycle” phase where they find bottoms before making new impulses to […]
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MetaMask reportedly working on native Bitcoin integration
MetaMask may introduce Bitcoin support as early as June, enhancing user experience for over 30 million monthly users.
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Gala Co-Founder Confirms Hack, Says Security Incident Led to Unauthorized Sale of $21,000,000 Worth of Coins
The co-founder of Gala (GALA), Eric Schiermeyer, is revealing the genesis of an exploit that led to the loss of crypto assets worth millions of dollars on the blockchain-based gaming platform. Schiermeyer says that a security incident triggered the “unauthorized SALE of 600 million ($21 million) GALA tokens and the effective BURN of 4.4 billion […]
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Donald Trump Asks for Bitcoin, Ethereum, Dogecoin and XRP Donations As Crypto’s Election Cycle Heats Up
Presidential hopeful Donald Trump is asking for donations in Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), XRP and other altcoins as the 2024 US election gets closer In a new press release, the Trump campaign says it will now be accepting crypto donations for the 2024 election and accuses Democrats of trampling on Americans’ financial freedom […]
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Biden Administration seeks China-style CBDCs, warns US Congressman
Congressman Emmer warns Biden’s CBDC plan threatens privacy, introduces bill to prevent government surveillance.
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Whale Withdraws Over Half a Trillion PEPE Worth Nearly $8,000,000 From Binance As Memecoin Soars
A deep-pocketed crypto entity has been seen suddenly withdrawing more than a half trillion Pepe (PEPE) as the memecoin soars, on-chain data shows. Blockchain tracking firm Lookonchain noticed that the crypto whale withdrew 592 billion PEPE from Binance, the world’s top crypto exchange, which was worth nearly $8 million at the time of the transaction. […]
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Experts speak out on how high Ethereum could go with an ETF approval
Ethereum sees a 21% surge as the SEC nears a decision on VanEck’s ETF, with experts predicting a significant market impact.
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House of Representatives To Vote on Major Crypto Bill by the End of This Week – Here’s What It’s About
The U.S. House of Representatives is gearing up to vote on a major crypto bill that aims to clarify how digital assets are regulated. The bipartisan “Financial Innovation and Technology for the 21st Century Act” would empower the Commodity Futures Trading Commission (CFTC) to regulate crypto assets as commodities if the blockchain they run on […]
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Nasdaq refiles for BlackRock’s proposed Ethereum spot ETF
Nasdaq files an updated 19b-4 form for BlackRock’s Ethereum ETF, a key step in the SEC’s approval process for spot crypto trading.
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Prospects of Ethereum ETFs Drive Grayscale Ethereum Trust’s NAV Discount to Lowest Since 2021
White House opposes FIT21, citing concerns over lack of investor protection
Biden opposes the House crypto bill but won’t veto it. The White House cites a lack of investor protections in the FIT21 Act.
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Is this the Next Big Solana Meme Coin? SEAL Presale is Soaring
Vitalik Buterin Transfers $295K in Ethereum to Privacy Protocol Railgun
TRON DAO at DC Blockchain Summit
As a Silver Sponsor at the DC Summit, TRON DAO connected with various industry leaders and policymakers, fostering growth within the sector.
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Celebrate Bitcoin Pizza Day 2024 — Win up to 8,888,888 VERSE!
‘Euphoric Bull’ Phase Could Be Approaching for Bitcoin (BTC), According to On-Chain Analyst
Bitcoin (BTC) could be approaching a “euphoric bull” phase, according to a popular on-chain analyst. The pseudonymous analyst known as Checkmate tells his 91,100 followers on the social media platform X that BTC is approaching a “decision point.” “Bitcoin breaking to a new ATH (all-time high) has historically represented a transition point from the Enthusiastic […]
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Kraken #14 on Newsweek’s Global Most Loved Workplaces 2024 List
Kraken is the only crypto company to have made the list two years in a row.
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Hong Kong orders Worldcoin to stop collecting iris biometric data
HK’s privacy watchdog ordered Worldcoin to delete all collected iris biometric data, citing privacy law violations and lack of transparency.
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SEC Chair Gensler Opposes Crypto Bill FIT21 Citing Regulatory Loopholes and Increased Risks to Public
Bitcoin and pizza: A feast of parallels for the digital age
Happy Bitcoin Pizza Day! Today, we celebrate Laszlo Hanyecz’ historic bitcoin-for-pizza transaction – the first time bitcoins were used as currency in exchange for real-world goods. You can read Laszlo’s original bitcoin-for-pizza bitcointalk.org forum post here. This year, instead of focusing on Laszlo’s mindboggling opportunity cost (yes, those 10,000 bitcoins are worth about $700M today), […]
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