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“# Paraguay moves a step closer to regulating digital currency ” On Dec. 17, 2021, the Senate of Paraguay approved a cryptocurrency bill introduced in July. The provisions, which define several key terms including virtual assets and call for licenses to mine cryptocurrencies, will now be sent to the Deputy Chamber for further deliberation. Senator…
“#The only ‘undemocratic’ thing about Manchin killing BBB is the Squad’s crying” It doesn’t get more entitled, elitist or undemocratic than the Squad’s temper tantrum at Sen. Joe Manchin’s announcement that he’s a “no” on President Joe Biden’s multitrillion-dollar spending plan. His reasons are simple: “If I can’t go home and explain it to the…
“# Law Decoded: Making sense of mixed signals, Dec. 13–20 ” The crypto regulation regime in any jurisdiction is an equilibrium among multiple institutional, group and personal interests of actors who have a sway over financial and monetary policies. These interests never perfectly align, frequently resulting in contradictory signals coming out of various power centers….
“# Senate hearing on stablecoins: Compliance anxiety and Republican pushback ” On Dec. 14, the United States Senate Banking, Housing and Urban Affairs Committee held a hearing titled “Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?” The testimonies, both spoken and written, focused largely on the last two issues,…
“#Hearst ends Dr. Oz The Good Life magazine amid Senate bid” Dr. Mehmet Oz’s lifestyle magazine, “Dr. Oz The Good Life,” is ceasing print publication as the celebrity physician mounts a bid for a US Senate seat — and frankly, it’s about time, sources told The Post. Oz’s publisher, Hearst Magazines, confirmed on Wednesday that…
“#Elon Musk calls Elizabeth Warren ‘Senator Karen’ in spat over taxes” Elon Musk called Elizabeth Warren “Senator Karen” and said she reminded him of an “angry Mom” on Tuesday after the Massachusetts Senator said the Tesla CEO should pay more in taxes. “Let’s change the rigged tax code so The Person of the Year will…
“# Australian government gives nod to 6 world leading crypto reforms ” The Australian government is seriously consider the rollout of central bank digital currency (CBDC) and has backed numerous forward-looking regulatory crypto-proposals as part of a new “payments and crypto reform plan.” Treasurer Josh Frydenberg says the reforms “will firmly place Australia among a…
“# Victory is for the taking in Friday’s $950M Bitcoin options expiry ” Bitcoin (BTC) price is down this week, and naturally, bears will always find some reversal signal whenever the price shows strength, such as the 8% gain on Nov. 28. Of course, technical analysis is not an exact science, so there is a…
“# Democratic senators oppose President Biden’s OCC Omarova nomination ” A group of five Democratic senators has reportedly rejected President Joe Biden’s nominee, Saule Omarova, to head the Office of the Comptroller of the Currency (OCC). Omarova’s nomination as a bank regulator was initially opposed by three members of the Senate Banking Committee — Senators…
“# Proposed tightening of Australian crypto regulations could stifle competition: Kraken ” With crypto regulation reportedly set to ramp up in Australia over the next 12 months, Kraken Australia’s Managing Director Jonathon Miller thinks that a strict crypto regime could stifle local competition. The Senate Committee on Australia as a Technology and Financial Center, led…