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“# Sen. Elizabeth Warren calls crypto the ‘new shadow bank‘ ” United States Senator Elizabeth Warren, one of the most vocal cryptocurrency skeptics in the U.S. government, has called the cryptocurrency industry the “new shadow bank.” In a Sept. 5 interview with the New York Times, Warren said that the cryptocurrency industry offers “many of…
“# Not Legal Advice… America: The world’s most creative junkie ” Not Legal Advice… is a monthly column from Zachary Kelman, Cointelegraph’s general counsel. He is a New York-licensed attorney specializing in political, legal and regulatory issues surrounding Bitcoin, digital currencies and blockchain technology. For two decades, United States presidents kept the American military in…
“# US postal inspectors need ‘comprehensive crypto training,’ audit finds ” The United States Postal Inspection Service (USPIS), the law enforcement arm of the U.S. Postal Service, has conducted an internal audit of the way in which it carries out crypto-related investigations and found there’s significant room for improvement. Notably, the USPIS handled only a…
“# Former US president calls crypto a ‘disaster waiting to happen’ ” In an interview with Fox Business released today, former U.S. President Donald Trump was questioned about his views on the health of the Wall Street markets, the current administration’s progress, as well as the potential of Bitcoin and the cryptocurrency market. In response…
“# Retirees in El Salvador protest against Bitcoin adoption ” Amid El Salvador preparing to officially enforce the country’s Bitcoin (BTC) law in early September, Salvadorans took to the streets to protest over the adoption of BTC as an official currency. El Salvador’s anti-Bitcoiners have expressed discontent regarding the government’s plans to adopt Bitcoin as…
“# Recommending regulations: Crypto working groups make push for adoption ” Although the cryptocurrency sector may still be considered the “Wild West” by some governments and regulators, continued adoption and emerging use cases show that digital currencies are here to stay. Some even argue that blockchain-based networks and decentralized finance, or DeFi, platforms may soon…
“# How does the infrastructure bill affect the mining industry in the US? ” On August 10, the United States Senate voted to pass a $1 trillion bill to revitalize America’s infrastructure. From the standpoint of the crypto community, miners in particular, the Senate’s foray into crypto legislation has been a disaster. Unless the language…
“# Crypto can alleviate the financial fallout for people in Afghanistan ” “One of the greatest tragedies in life,” according to author K. L. Toth, “is to lose your own sense of self and accept the version of you that is expected by everyone else.” For the people of Afghanistan — almost 40 million of…
“# Crypto, Congress and the Commission: What’s next for the ‘Wild West’? ” The entire cryptocurrency industry is waking up to a new reality. Politicians and regulators have decided to wade into the space, which had flown mainly under their radar until now. A House committee chair is launching a working group; the Securities and…
“# SEC reportedly contracts blockchain analytics firm to monitor DeFi industry ” The U.S. Securities and Exchange Commission has reportedly signed a $125,000 deal with blockchain analytics firm AnChain.AI to help monitor and regulate the decentralized finance industry. According to a Friday report from Forbes, an AnChain.AI company spokesperson confirmed the agreement with the federal…