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“# A trade war misstep? China is vacating crypto battlefield to US banks ” At the same time that China has declared war on cryptocurrencies, giant American banks appear to be embracing crypto — evident the final week of July with the news that crypto firm Lukka will provide State Street Bank’s private fund’s clients…
“# New bill proposes US Treasury to have full authority over fiat stablecoins ” A new bill introduced by United States House Democrat Don Beyer of Virginia has proposed a far-reaching regulatory and legal framework for digital assets across the board. Entitled “The Digital Asset Market Structure and Investor Protection Act of 2021,” the bill…
“# State Street to launch crypto services for private funds clients ” Major American financial services and bank holding company State Street Corporation is expanding its push into the cryptocurrency industry by launching new digital asset services. State Street, the second-oldest operating bank in the United States, announced Thursday that it would provide digital and…
“# Congressman takes aim at peers who think crypto could cause a ‘financial 9/11’ ” Representative Ted Budd of North Carolina, a member of the House Financial Services Committee and Congressional Blockchain Caucus, has urged lawmakers to embrace decentralized innovation. In what appears to be the first occasion in which a publicly elected official has…
“# Western nations need better public-private cooperation on crypto, says Mohamed El-Erian ” Mohamed El-Erian, chief economic advisor at Allianz, has called for greater cooperation between western governments and crypto businesses to better leverage the benefits of the ongoing cryptocurrency revolution. In an article published in the Financial Times on Thursday, the famous economist highlighted…
“# US–Japan digital trade deal should include crypto: American think tank ” Sale Lilly and Scott W. Harold of the American policy think tank Rand Corporation have called on the United States and Japan to include crypto in the bilateral digital trade agreement between both nations. In an opinion piece published in the Nikkei Asia…
“# Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors ” The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or ETFs that performs in parallel with Bitcoin (BTC). ProFunds provides an alternative to the traditional methods of holding cryptocurrencies…
“# Senators add crypto taxes to infrastructure deal to raise $28B in extra revenue ” Last-minute additions to the bipartisan infrastructure deal in the United States Senate saw lawmakers propose expanded cryptocurrency taxation to raise an additional $28 billion in revenue. The proposal will implement tighter rules on businesses handling crypto, expand reporting requirements for…
“#Smug Dems have only selves to blame for vaccine hesitancy” “Then there was the educated Texan from Texas who looked like someone in Technicolor and felt, patriotically, that people of means — decent folk — should be given more votes than drifters, whores, criminals, degenerates, atheists and indecent folk — people without means.” — Joseph…
“# Genesis Digital Assets raises $125M as mining sector pivots to the west ” Genesis Digital Assets has become the latest Bitcoin mining firm to raise millions towards plans for aggressive expansion amid the exodus of miners from China due to its crackdown on the sector. On July 28, Genesis announced it had closed a…