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“# SEC boss says DeFi platforms are ‘highly centralized’ and will need to register ” Gary Gensler, chairman of the U.S. Securities and Exchange Commission stated that DeFi is highly centralized in certain aspects and urged projects working in the sector to register with the SEC. Speaking to The Wall Street Journal on Aug. 19,…
“# Bitcoin slides with S&P500 as Fed signals tapering $120B monthly bond purchases ” Bitcoin (BTC) prices briefly fell below $44,000 on Aug. 19 as the United States Dollar strengthened after the Federal Reserve policy minutes revealed their intentions to limit their bond-purchasing program this year. Bitcoin risks $45,000 becoming new resistance The spot BTC/USD…
“# Coinbase CEO Brian Armstrong says proposed crypto tax rule makes no sense ” Coinbase CEO Brian Armstrong is the latest crypto figure to come out against the wording of the proposed changes to cryptocurrency taxation in America. Tweeting on Wednesday, Armstrong stated that the provisions included in the crypto taxation proposal could have a…
“# 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…
“# Massive government spending accelerating crypto adoption: Sen. Cynthia Lummis ” Republican Senator and Bitcoin proponent Cynthia Lummis said that massive government spending is accelerating crypto adoption. Lummis made the comments while sharing an interview she did with “Varney & Co” on the Fox Business cable network on July 29, in which she called for…
“# CBDCs ‘concocted in hell by Satan himself’ says ASI president Rich Checkan ” Rich Checkan, the president of Asset Strategies International (ASI) has described central bank digital currencies (CBDCs) as a product that was “concocted in hell by Satan himself.” ASI was founded in 1982 and deals in alternative assets such as precious metals,…
“# SEC Chairman says cryptocurrency falls under security-based swaps rules ” The Securities and Exchange Commission, or SEC, may soon issue new rules for the regulation and registration of security-based swaps, including cryptocurrency. In a speech to the American Bar Association Derivative and Futures Law Committee SEC Chairman Gary Gensler laid out the changes coming…
“# Michael Saylor doesn’t think Bitcoin is ‘going to be currency in the US ever’ ” MicroStrategy CEO Michael Saylor thinks that Bitcoin is more like digital property than digital currency. He was speaking on the July 15 edition of the “Coin Stories” podcast with host Natalie Brunell. Asked if he thought that Bitcoin was…
“# US government delves deeper into crypto accountability with $10M bounty ” The U.S. Department of State has announced it will be taking a seemingly more active role in the pursuit of keeping some crypto users accountable. According to a Thursday Bloomberg report, the Biden administration intends to ramp up efforts to trace cryptocurrency payments,…
“# Janice McAfee can’t ‘accept the suicide story’ about John’s death ” Janice McAfee, the widow of anti-virus pioneer John McAfee, says that she can’t “accept the suicide story” relating to the death of her husband until an investigation has been completed. In a July 7 Twitter post, McAfee noted that she is still in…