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“# Treasury Secretary reportedly against amending crypto language in infrastructure bill ” On Wednesday of this week, several U.S. senators proposed an amendment to an infrastructure bill which would clarify language concerning crypto. Even though that proposal seemingly has the support of the white house, U.S. Treasury Secretary Janet Yellen has reportedly come out against…
“# New bill in Ukraine to allow payments in cryptocurrency, says official ” A new cryptocurrency-related bill in Ukraine will allow payments in cryptocurrencies like Bitcoin (BTC) despite not recognizing crypto as legal tender, a government official claimed. Oleksandr Bornyakov, deputy minister of Ukraine’s Ministry of Digital Transformation, is confident that it would be “quite…
“# Binance to restrict derivatives trading for Hong Kong users ” Stepping up efforts to minimize the inherent risks of trading cryptocurrency, major crypto exchange Binance has announced it would restrict access to derivatives products to Hong Kong users. The official announcement reads: “Users from Hong Kong will have a 90 days’ grace period to close…
“# 2022 trial date set for Tether’s accused ‘shadow banker’ Reggie Fowler ” A 2022 trial date has been set for former NFL team owner and alleged “shadow banker” Reggie Fowler. Fowler is the accused operator of the shadow bank to the crypto sector, Crypto Capital which was at the center of controversy in the…
“# BREAKING: White House reportedly supports only minor changes to crypto tax proposal ” The crypto community is pushing back against amendments to the crypto provisions of the White House’s infrastructure plan — which seeks to raise $28 billion for infrastructure funding through expanded taxation on crypto transactions and impose new reporting requirements for crypto…
“# Crypto Mom: True decentralization is the only thing that will save DeFi projects ” Hester Pierce of the U.S. Securities and Exchange Commission — colloquially known as ‘Crypto Mom,’ has warned of rampant “shadow-centralization” within the decentralized finance (DeFi) sector. Speaking to outspoken DeFiWatch founder Chris Blec in an August 4 discussion streamed by…
“# Venezuela to launch CBDC in October — and cut six zeros from its currency ” The Central Bank of Venezuela will launch a CBDC in October alongside a monetary redenomination that will cut six zeros from the currency due to raging inflation. As of Oct. 1, the digital bolivar will begin circulation in the…
“#Curtis Sliwa says vaccine mandate violates American freedom” GOP mayoral candidate Curtis Sliwa blasted Mayor de Blasio’s vaccine mandate for indoor venues, saying the requirement is an affront to liberty. “Today we stand in unity against these mandates, against these crackdowns. We are not France. We are not Italy. We are America where we are…
“# Lead Republican behind infrastructure bill negotiations supports crypto amendment ” Senator Rob Portman, one of the lead Republican voices for negotiations over an infrastructure bill in the U.S. Senate, said he supports an amendment clarifying the intent of a cryptocurrency provision. In a Tweet today, Portman encouraged his colleagues in the Senate to vote…
“# Fed governor says CBDCs remain ‘a solution in search of a problem’ ” Chris Waller, a member of the Board of Governors of the Federal Reserve System, seems to think it’s unnecessary for the U.S. government to develop a central bank digital currency. Speaking with Michael Strain of the American Enterprise Institute today, Waller…