Category: Politics

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SEC Faces Storm of Criticism from Crypto Sector, Lawmakers over ‘Exchange’ Re-definition Plans

  The United States Securities Exchange Commission (SEC) and its Chairman Gary Gensler have received a slew of letters from pressure groups and parliamentarians voicing their concerns about proposed amendments to the Exchange Act, established in the 1930s. The agency plans to expand the legal definition of what an exchange is…. Read More: SEC Faces…
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Crypto-focused PAC has used $9M to support Democratic candidates since January

The Protect Our Future PAC used more than $9 million toward mainly digital, television and radio ad buys for U.S. House of Representatives candidates’ campaigns. Protect Our Future, a political action committee set up in January, with backers including FTX CEO Sam Bankman-Fried, has spent more than $9 million to support candidates running for seats…
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No Truth in Reports that Russia’s Finance Ministry Wants Crypto to Become ‘Legal Tender’

  Reports stating that the Russian Ministry of Finance now “recommends using cryptocurrencies as legal tender” appear to be very wide of the mark.  A number of crypto-related media outlets have made the claim that the ministry has pushed for a move that would put tokens on the same footing as the fiat ruble. However,…
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US SEC’s Proposal On ‘Exchange’ Definition Could Be Unconstitutional – Think Tank

  A recent proposal by the US Securities and Exchange Commission (SEC) aims to amend the definition of ‘exchange’ and alternative trading systems (ATSs) in American regulation, but it could instead create  “an inappropriately broad standard for registration” that would place unconstitutional restraints on the protected speech of software developers and technologists, according to Washington…
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‘Let’s Create a Crypto Ministry,’ Industry Urges South Korean President-Elect

  A summit of South Korean lawmakers, industry chiefs, and leading academics has called for the country’s President-Elect Yoon Suk-yeol to create a minister – or a ministry-level agency – for the crypto sector…. Read More: ‘Let’s Create a Crypto Ministry,’ Industry Urges South Korean President-Elect  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Bitfinex, Tether Launch Bitcoin, USDT Donation Funds for Victims of El Salvador Gang Crime

  The crypto exchange Bitfinex and the USDT issuer Tether have set up a crypto relief fund to aid the families of the people affected by the gang-related violence in El Salvador – although the government’s controversial crackdown on gang crime continues to intensify in the country…. Read More: Bitfinex, Tether Launch Bitcoin, USDT Donation…
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United States Crypto Lobbyists Making Inroads at State Level – Report

  Crypto lobbyists are making breakthroughs with adoption-focused legislation at the state level in various parts of the USA – with federal regulation still lagging behind.  Per a report from the New York Times, in the Florida House in March, legislators “swiftly gave final approval” to a bill that makes it easier for residents to…
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South Korean Bank Shinhan Launches Nation’s First Corporate Crypto-Fiat Account

  The South Korean commercial banking giant Shinhan has become the first bank in the nation to offer crypto account services to a corporate client. ZDNet Korea reported that on April 7, the bank created a corporate fiat KRW account exclusively for cryptoasset transactions to the crypto exchange Korbit…. Read More: South Korean Bank Shinhan…
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Bukele Returns to Miami Bitcoin Conference as Gangland Crackdown Takes Gruesome Turn

  International bitcoiners will be turning their eyes to El Salvador again this week – but some are concerned that government’s aggressive recent crackdown on gang crime could undermine its standing in the bitcoin (BTC) community…. Read More: Bukele Returns to Miami Bitcoin Conference as Gangland Crackdown Takes Gruesome Turn  Read more »Pay, Trade, Buy…
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Time to Appoint a ‘Minister of Web3’, Says NFT Policy-making Group of Japanese MPs

  The ruling Japanese political party’s new non-fungible token (NFT) task force has recommended that the government appoints a “Web 3.0 minister.”… Read More: Time to Appoint a ‘Minister of Web3’, Says NFT Policy-making Group of Japanese MPs  Read more »Pay, Trade, Buy Bitcoin with Credit Card