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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Representative Patrick McHenry, the US House Financial Services Committee chair, endorsed PayPal’s stablecoin, PYUSD, as a key pillar for modern payments. The endorsement was given on Aug. 7, shortly after PayPal announced the stablecoin launch in partnership
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United States Republican Patrick T. McHenry, Chair of the House Financial Services Committee, has released a statement calling for the need to
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The mention of artificial intelligence (AI) in earnings calls for major tech companies skyrocketed from the first to the second fiscal quarter, according to a report from Reuters.The S&P 500 companies that took the lead in discussions surrounding AI included Google’s Alphabet, Intel, Microsoft and Meta, along with others such as Cadence Design, IBM, ServiceNow,
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For an industry that rarely gets mainstream political support, Bitcoin recently received a massive endorsement after Democratic Presidential candidate Robert F. Kennedy spoke out in support of the cryptocurrency. According to RFK, arguments against adopting Bitcoin due to perceived environmental impact are merely a cover to curtail financial freedom. Responding to
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The U.S. Securities and Exchange Commission (SEC) suffered another setback on July 28 as the D.C. Circuit overturned a ruling by the regulator ordering that SPIKES Index securities should be treated as 'futures' rather than as 'securities futures'. The judge panel called the SEC order "arbitrary and capricious."The decision relates
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto fund manager Grayscale urges SEC to approve all proposed spot Bitcoin ETFs simultaneously, emphasizing fairness and impartiality in the regulation process. Chief Legal Officer at Grayscale, Craig Salm, shared a blog post on July 27. He emphasized that
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United States Republican Representative Warren Davidson has spoken out against Central Bank Digital Currencies (CBDCs), urging Congress to ban them and criminalize its development.In a July 23 Twitter post, Congressman Davidson accused the Federal Reserve of “building the financial equivalent of the Death Star," stating that CBDCs corrupts money into
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On July 18, Representative Ritchie Torres sent a letter to Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), requesting the agency to focus on identifying and pursuing the wrongdoers in crypto
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New York Rep. Ritchie Torres has called on United States Securities and Exchange Commission (SEC) Chair Gary Gensler to reconsider the regulator’s position on crypto following a “dreadful day in court."In a July 18 letter to Gensler, Torres requested the SEC limit its enforcement cases to “bonafide bad actors” rather
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Andy Curry is the ICO's Head of Investigations.
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