Bitcoin stands apart from other crypto, and what that means for US public policy
Not all cryptocurrencies are equal, and Bitcoin’s prior claim among decentralized digital assets makes it special. United States President Joe Biden’s executive order on digital assets has kickstarted an interagency mission to support financial innovation while protecting American consumers and interests. While many industry leaders welcome the constructive tone, some critics hope for a crackdown. We don’t blame them.Many cryptocurrency projects operate behind thin veils of decentralization. In public, they’re sold on the premise that they distribute power. Behind the curtains, leaders....
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On Friday, Grant McCarty, the director of policy and public affairs at Bitcoin Magazine, announced the launch of three political efforts aimed at bolstering bitcoin public policy at the Bitcoin 22 conference in Miami. McCarty revealed the Bitcoin Advocacy Project (BAP), the Bitcoin Policy Institute (BPI) and an independent expenditure-only political committee called the Financial Freedom PAC.
3 Newly Launched Political Efforts Aim to ‘Bring About an Orange Wave Across Washington’
A new bitcoin-themed Super PAC has been launched to help “elect bitcoin....
SEC boss Gary Gensler believes crypto assets need to act within a public policy framework to survive over the long term. Crypto assets will not last long outside of a public policy framework because “finance is about trust,” warns Gary Gensler, the chair of the United States Securities and Exchange Commission.Speaking to The Financial Times, Gensler stressed the need for a regulatory framework for crypto platforms for their own survival. He explained that crypto assets should be under the same public policy imperatives to protect investors and fight illicit financial activities.He said....
At a time when many bitcoin sectors are struggling, 2015 began with an outpouring of interest and show of strength for the crypto 2.0 community. CoinDesk profiled a number of the promising projects, naming 19 to watch in the year ahead, but as our readers showcased, there remain many more that have garnered enthusiastic communities for their efforts. However, while development continues on many exciting projects, a few notable names have so far used 2015 to turn the page. In this week's roundup, we focus on projects that are reenergizing for new objectives in the year ahead. Breaking....
If you operate an exchange, bitcoin automated teller machine or any other money services operation that does business with Quebec residents, you will need to comply with its updated Money Services Businesses Act regardless of where in the world you are based. This new policy document was first made public on February 1, 2015 (updated to March 1, 2015), and experts have been trying to determine what it means for bitcoin businesses both within Quebec and outside its borders. The document says that anyone offering money services (that is, currency exchange; funds transfer; issue or redemption....
TikTok has updated their policy on branded content this week, and the social media giant is putting a halt to crypto influencers. The policy could have implications for creators whose content relies on the crypto and broader financial landscapes. The Policy Change While the policy change does have some exemptions, the newly prohibited bucket of […]