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#digitalassets

3 posts3 participants0 posts today

Democrats stall #Stablecoin bill, citing Trump crypto ambitions

Democratic lawmakers want to add language to the bill that would restrict elected officials and high-level government employees from owning and profiting off stablecoin issuers.

americanbanker.com/news/democr

Waters Hill
American Banker · Republicans move stablecoin, other bank bills, out of committeeBy Claire Williams

US seizes Russian crypto exchange websites, charges head of site with money laundering

The Justice Department said that since April 2019, Garantex has processed $96 billion in crypto transactions and noted that those proceeds were allegedly used to fund illicit activities.

abcnews.go.com/Politics/us-sei

ABC News · US seizes Russian crypto exchange websites, charges head of site with money launderingBy Luke Barr

More from the #idiocracy:

#Trump announced the names of 3 #cryptocurrencies to be included in a new US #crypto strategic reserve on Sunday, spiking the value of each in #market trading.

Trump said on social media that his January #ExecutiveOrder on #DigitalAssets would create a stockpile of currencies including XRP (#Ripple), SOL (#Solana), & ADA (#Cardano).

The assets rose 10% to 35% in trading on Sunday. Other digital assets also gained.

#economy #finance #USpol
reuters.com/world/us/trump-say

Nearly $1.5 billion in tokens lost in Bybit crypto exchange hack

Ben Zhou, CEO of Bybit, said that a hacker accessed one of the company's offline Ethereum wallets, and removed the coins in a series of transactions

americanbanker.com/news/nearly

In this photo illustration, a Bybit logo is displayed on a
American Banker · Nearly $1.5 billion in tokens lost in Bybit crypto exchange hackBy Emma Kinery
Continued thread

Also in attendance…was #MicroStrategy founder #MichaelSaylor, wearing his trademark orange bow tie, a nod to #bitcoin…, #Ripple CEO #BradGarlinghouse & top execs at #Coinbase, including global #policy head #FaryarShirzad….

The #Winklevoss twins chatted w/Chris Dixon of #AndreessenHorowitz & his colleague, Sriram Krishnan, who left his role…at the firm to join #DavidSacks’ task force. #BoHines, #Trump’s choice to lead the Presidential Council of Advisers for #DigitalAssets, was also present.…