Post-election roundup: Who were the pro- and anti-crypto winners and losers f...
Political newcomer and Bitcoin holder J.D. Vance will take Rob Portman's U.S. Senate seat in Ohio, but majority control of both chambers of Congress has yet to be decided. Results from many election races for seats in the United States Senate and House of Representatives are still coming in, but a number of candidates who have expressed staunch views on digital asset regulation won on Nov. 8.Some of crypto’s most outspoken supporters at the local and federal level, including Wyoming Senator Cynthia Lummis and Miami Mayor Francis Suarez, had no elections in November 2022, but others....
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U.S. Senator Pat Toomey has called on Congress to stop the Treasury Department from maximizing its ability to regulate and tax crypto by picking winners and losers. “Congress should not allow that to happen,” he said. US Senator Urges Lawmakers Not to Crush Crypto Innovation Following the endorsement of a crypto tax amendment by the White House, concerns have been raised that the U.S. government is picking winners and losers in the crypto space. Two crypto tax amendments to the $1 trillion infrastructure bill have been introduced but the White House has chosen to endorse the....
Ripple Labs has officially responded to the complaint by the U.S. Securities and Exchange Commission (SEC). Besides explaining that the XRP cryptocurrency is not a security, Ripple accuses the securities regulator of being out of step, picking winners and losers, as well as distorting facts regarding the cryptocurrency. In the court document filed on Jan. 29, Ripple claims that XRP is not an “investment contract,” insisting that the crypto “is a virtual currency and thus, outside the SEC’s jurisdiction.” Furthermore, the company stated that it never held an....
Whenever a disruptive concept comes along, there are winners and losers. But things aren't so black-and-white with blockchain technology in the picture. A lot of people have been saying how the blockchain is much bigger than Bitcoin itself, and they are right for the most part. Even though the Bitcoin protocol is powered by blockchain technology, the capabilities of distributed ledgers are not just linked to the digital currency ecosystem. A recent report by Citi seems to be thinking along those same lines, although most of their use cases are still focused on the financial aspect. This....
Voting in the ongoing election to fill the Bitcoin Foundation's two vacant Board of Directors seats has officially resumed with the start of a second round of voting featuring the top three remaining candidates. The Bitcoin Foundation launched the second round of voting after the first ended with no candidates reaching the minimum vote threshold necessary for election. The outcome was one of several possible conclusions owing to the wording of the Bitcoin Foundation's by-laws. The runoff round began at 9am EDT on 6th May and will last until 11.59pm EDT on 8th May, according to Brian Goss,....
Not all digital assets have made positive price movements during the 2021 bull run. The year 2021 has undoubtedly been a bull market with Bitcoin (BTC) raising the all-time high price bar several times this year. But not all crypto assets have performed equally. There have been a number of losers in addition to the majority of winners in terms of price gains.Since the beginning of 2021, total crypto market capitalization has gained 190% from just under $800 million to over $2.3 trillion today. It hit an all-time high of just over $3 trillion in early November.Top 3 crypto gainers in....