GENIUS Act Could Shield Bitcoin From Fed Oversight, Governor Barr Warns
Federal Reserve Governor Michael S. Barr used a keynote at DC Fintech Week to praise Congress for finally drawing lines around stablecoins—then immediately warned that the new law’s drafting could open channels for risk and regulatory arbitrage, including a pathway for Bitcoin-linked instruments to sit inside stablecoin reserves with only indirect Federal Reserve visibility. Bitcoin […]
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American actress Roseanne Barr has tweeted cryptic support for Bitcoin. Already controversial for her support of the Occupy movement, and calling for the beheading of bankers, Roseanne Barr seems to be backing Bitcoin as the perfect currency for trading after the apocalypse. While many celebrities get a PR firm to run their twitter feed, we get the feeling Roseanne is a bit more hands-on... Barr wrote: first post apocalyptic law: slavery in all forms is now illegal-including debt slavery. #BITCOIN. - Roseanne Barr (@TheRealRoseanne) May 28, 2013. Quickly followed by: 2nd law: war is....
The governor of the Bank of England, Andrew Bailey, has reiterated his warning about cryptocurrency investing after U.S. crypto lender Celsius abruptly froze withdrawals. He stressed that investors should be prepared to lose all their money, emphasizing that crypto has no intrinsic value.
Bank of England’s Governor Warns About Cryptocurrency Following Celsius’ Withdrawal Freeze
Bank of England (BOE) Governor Andrew Bailey reiterated his concerns about cryptocurrency investing to the British parliament’s Public Accounts Committee Monday.
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United States Sen. Elizabeth Warren is urging Congress to reject the GENIUS Act, a bill that would potentially pave the way for what she terms “crypto corruption.” Related Reading: Crypto Founder Warns: Skipping XRP Could Be The Real Risk The bill – the Guiding and Establishing National Innovation for US Stablecoins Act – has been […]
As Mark Karpeles was being arrested on August 1, 2015, his former employee Ashley Barr, who operated under the name "Adam Turner," took to Reddit to answer questions about his time at Mt. Gox. In his introduction, Barr wrote, "I was hired by Mark [Karpeles] in June 2011 to help him handle the crazy inbox at Mt. Gox during bitcoin's initial rally. In January 2012 I was asked to become Mt. Gox's CEO, a process which led to my dismissal in May 2012. My statement along with other ex-employees have led the Tokyo Metro Police's arrest on embezzlement and 'illegal manipulation of accounting.'.....
The European Union (EU) is reportedly planning to shift oversight power of key financial market areas, including crypto, from national authorities to a centralized supervisory authority to help boost the bloc’s capital markets and harmonize regulation. Related Reading: A New Era Of Fair Finance? GENIUS Act, Stablecoins Could End Bank Exploitation, Expert Says EU Eyes […]