{"id":351353,"date":"2021-10-11T18:52:29","date_gmt":"2021-10-11T15:52:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/law-decoded-putting-your-bitcoin-where-your-mouth-is-oct-4-11\/"},"modified":"2021-10-11T18:52:29","modified_gmt":"2021-10-11T15:52:29","slug":"law-decoded-putting-your-bitcoin-where-your-mouth-is-oct-4-11","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/law-decoded-putting-your-bitcoin-where-your-mouth-is-oct-4-11\/","title":{"rendered":"# Law Decoded: Putting your Bitcoin where your mouth is, Oct. 4\u201311"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c32f77df9f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c32f77df9f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/law-decoded-putting-your-bitcoin-where-your-mouth-is-oct-4-11\/#Debt_ceiling_staved_off\" >Debt ceiling staved off<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/law-decoded-putting-your-bitcoin-where-your-mouth-is-oct-4-11\/#Letting_the_watchdogs_out\" >Letting the watchdogs out<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/law-decoded-putting-your-bitcoin-where-your-mouth-is-oct-4-11\/#100_CBDCs_are_coming\" >100+ CBDCs are coming<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Law Decoded: Putting your Bitcoin where your mouth is, Oct. 4\u201311 <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvNWNjMzNiNmItZTdiNS00ZDU0LTk1YWItZWE0OWExMGRiZGM0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>There is nothing surprising about Senator Cynthia Lummis, a Wyoming Republican known to be among the staunchest crypto supporters in the U.S. legislature,\u00a0revealing a sizable Bitcoin (BTC) purchase that she had made earlier in the summer. It is still oddly satisfying to observe the alignment between a politician\u2019s long-declared stance on an issue and corresponding monetary behavior (Lummis had been hodling BTC since 2013). Such consistency will be a norm in blockchain-based governance systems where individuals\u2019 interests are aligned with those of the entire community and where all information that could be of remote public interest is transparent.<\/p>\n<p>Below is the concise version of this <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter. For the full breakdown of policy developments over the last week, register for the full newsletter below.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Debt_ceiling_staved_off\"><\/span>Debt ceiling staved off<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Last week finally saw the resolution, if temporary, of the weeks-long saga around the U.S. federal government\u2019s borrowing cap, and there is now certainty that the Treasury Department will be able to meet its financial obligations until early December at least. This time around, the unimaginable prospect of the nation\u2019s default on its debt seemed a bit less unimaginable than usual, as Senate Republicans took a stand to protest what they see as an irresponsible Democratic spending spree.<\/p>\n<p>While opinions on the short-term effects of the debt ceiling uncertainty on the crypto market differed, there was a near consensus around the notion that in the long run, the political weaponization of federal debt policy will erode trust in the greenback.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Letting_the_watchdogs_out\"><\/span>Letting the watchdogs out<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It has emerged that Coinbase is not the only major crypto industry player that is being harassed by the Securities and Exchange Commission. Circle, the firm behind USD Coin (USDC), has revealed\u00a0receiving an investigative subpoena from the agency back in July, also stating its willingness to \u201ccooperate fully.\u201d<\/p>\n<p>Over in the enforcement realm, a major announcement came from Deputy Attorney <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Lisa Monaco, who has recently been prominent in the DOJ\u2019s efforts to combat ransomware and cyberattacks. Speaking at the Aspen Institute Cyber Summit, Monaco said that the Justice Department\u00a0launched the National Cryptocurrency Enforcement Team in order to boost the government\u2019s capacity to disrupt financial networks facilitating cybercrime.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"100_CBDCs_are_coming\"><\/span>100+ CBDCs are coming<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Kristalina Georgieva, managing director of the International Monetary Fund, spoke\u00a0favorably of digital currencies last week.\u00a0Expectedly, she referenced central bank digital currencies, or CBDCs, which sit tight within the regulatory perimeter. More interestingly, Georgieva shared some previously undisclosed numbers on how many countries are at some stage of exploring or developing CBDCs.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/law-decoded-putting-your-bitcoin-where-your-mouth-is-oct-4-11\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Law Decoded: Putting your Bitcoin where your mouth is, Oct. 4\u201311 &#8221; There is nothing surprising about Senator Cynthia Lummis, a Wyoming Republican known to be among the staunchest crypto supporters in the U.S. legislature,\u00a0revealing a sizable Bitcoin (BTC) purchase that she had made earlier in the summer. It is still oddly satisfying to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":351354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvNWNjMzNiNmItZTdiNS00ZDU0LTk1YWItZWE0OWExMGRiZGM0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74858,75046,75606,74898,52214,70934,70289,8575],"class_list":["post-351353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-regulation","tag-cbdc","tag-imf","tag-sec","tag-congress","tag-regulation","tag-senate","tag-usa"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/351353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=351353"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/351353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/351354"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=351353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=351353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=351353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}