Tag: Government

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Tron Foundation Reportedly Tapped US COVID-19 Business Relief Program for $2M

The Tron Foundation is once again mired in controversy over an unverified claim that it secured a $2 million grant from a federal relief program for small firms hit by the pandemic. The Tron Foundation is once again mired in controversy over an as yet unverified allegation that it secured a ~$2 million grant from…
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Obama’s Under Secretary for Terrorism Appointed CEO of Libra

A man who enforced anti-money laundering under two U.S. presidents has been named the CEO of the Libra Association. May 6, the Libra Association announced the appointment of Obama’s former under secretary for terrorism as its first CEO. Stuart Levey served as an under secretary for terrorism under the administrations of George W. Bush and…
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European Central Bank Calls for Proactive Stablecoin Regulation

The European Central Bank says global stablecoins require clear regulatory structure prior to approval. In a recent in-depth report on global stablecoins, the European Central Bank, or ECB, pushed for clear regulatory parameters for stablecoins, citing risks as well as gaps in current regulations.  “In order to reap the potential benefits of global stablecoins, a…
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SEC Loosens Crowdfunding Guidelines Amid Economic Slowdown

The SEC has introduced temporary changes to crowdfunding regulations that make it easier for firms to raise funds amid the coronavirus pandemic. The United States Securities and Exchange Commission (SEC) has introduced temporary changes to its Regulation Crowdfunding offering guidelines, making it easier for crypto blockchain firms seeking to launch on via platforms like Indiegogo…
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World Economic Forum’s Nadia Hewitt Talks Supply Chains, COVID-19 and Blockchain

Cointelegraph sits down with the World Economic Forum’s project lead for blockchain and digital currency, Nadia Hewett, to discuss how blockchain can change the world economy. Last week, the World Economic Forum (WEF) published a major new blockchain deployment toolkit designed to help governments, enterprises and organizations worldwide to develop more resilient value chains going…
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$25M Blockchain Bill Fights COVID-19 with Strategic National Stockpile

Congressman Stephen Lynch of Massachusetts introduced a bill on April 23 to establish a blockchain network capable of monitoring the SNS. U.S. Congressman Stephen Lynch of Massachusetts has introduced a bill to establish a blockchain network capable of overseeing the distribution of personal protection equipment, ventilators and other necessary medical equipment during the current pandemic.…
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US Senator Loeffler Reports 2019 Income of $3.5M From Role as CEO of Bakkt

US Senator and former Bakkt CEO finally filed her financial disclosures after a four-month extension and an insider trading scandal, revealing that she is very rich indeed. Per her financial disclosures, filed the evening of May 1 after an extension in January, Loeffler’s assets are significant, as was her income as CEO of Bakkt. The…
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Local Chinese Government Launches Its First Blockchain Platform

Chinese Anhui province gov launches its first blockchain platform. The government of Anhui, a province in eastern China and a part of “Yangtze River Delta Economy Region”, has officially launched its first blockchain platform for providing government services. The launch occurred on April 30, according to local news reports. Starts with local law sector “Blockchain…
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Noted Tax Haven Cayman Islands Sees New Bills to Bring Local Crypto to FATF’s Heel

In new legislation, the Cayman Islands is looking to clarify rules on crypto exchanges, including registration and sandbox licensing. On April 28, the legislative assembly of the Cayman Islands gazetted five new pieces of legislation governing crypto businesses — especially exchanges.  How the new legislation would change the Cayman Islands’ crypto industry The Virtual Asset…
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Andreas Antonopoulos: “EARN IT Act Could Be Called: ‘F*ck You Zuckerberg'”

Andreas Antonopoulos believes that a proposed bill will f*ck Mark Zuckerberg and violate civil rights. In a recent YouTube stream, Andreas Antolopoulos said that the controversial EARN IT Act might as well be called “Fuck you, Zuckerberg”. The bi-partisan bill was written by Lindsey Graham (R-SC) and Richard Blumenthal (D-CT), and if passed, it would:…
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