Democrats have ‘huge opportunity’ to win back the crypto vote
The new Democratic party presidential candidate should consider crypto a top priority, according to crypto lawyer Jake Chervinsky in a post on X.
The new Democratic party presidential candidate should consider crypto a top priority, according to crypto lawyer Jake Chervinsky in a post on X.
According to CoinDesk, President Joe Biden has announced that he will not be seeking reelection. This decision marks a significant moment in U.S. politics as it opens the field for new candidates in the upcoming presidential race. Biden, who has served as the 46th President of the United States, made this announcement today, signalling a shift in the political landscape.Biden's tenure has been marked by various challenges and achievements, including navigating the country through the COVID-19 pandemic, addressing climate change, and implementing economic recovery measures. His decision not to run for a second term will likely lead to a competitive primary season as potential candidates from both major parties prepare to campaign for the presidency.The announcement has already sparked discussions and speculations about who might emerge as the frontrunner in the next election. Political analysts are closely watching key figures within the Democratic Party, as well as potential Republican challengers, to see how this decision will influence their strategies and platforms. Biden's choice not to seek reelection may also impact his current administration's focus and priorities in the remaining time of his presidency.As the political landscape evolves, the American public and international observers will be keenly interested in the developments leading up to the next presidential election. Biden's announcement is expected to have far-reaching implications for the future of U.S. politics and governance.
According to Odaily, the U.S. Securities and Exchange Commission (SEC) has established the Interagency Securities Committee (ISC) to enhance coordination among federal, state, and local securities fraud agencies. The ISC aims to improve fraud prevention, share insights on emerging threats, and develop a unified approach to combating financial fraud. Quarterly meetings will be held to discuss trends, scams, and mitigation strategies. ISC Chairman and SEC Enforcement Division Director Gurbir S. Grewal, along with SEC Investor Advocate Cristina Martin Firvida, emphasized the benefits of multi-level cooperation. The ISC comprises over 100 agencies, providing a platform for experts and law enforcement to share information and innovative methods.
With Joe Biden out of the race, all bets are off.
United States President Joe Biden announced he will not seek reelection.
The official X account for OpenAI’s ChatGPT used the same “I’m sick” post as United States President Joe Biden did before playfully mocking general intelligence.
Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the country’s growing cryptocurrency sector.
According to Odaily, Hong Kong's virtual bank ZA Bank has announced the provision of exclusive reserve banking services for stablecoin issuers under the new stablecoin licensing regime. This framework mandates that stablecoin issuers must hold reserve assets in local banks to ensure market stability. ZA Bank has become the first digital bank to offer such services and is collaborating with Yuancoin to promote innovation and stability in digital assets. The bank is currently in discussions with ten other stablecoin companies and is actively supporting the policies of the Hong Kong Monetary Authority.
According to Odaily, Hong Kong's Deputy Secretary for Financial Services and the Treasury, Joseph Chan Ho-lim, announced during a Legislative Council subcommittee meeting on Web3 and virtual asset development that the government is drafting the second version of regulations for stablecoin issuers. The aim is to submit the draft to the Legislative Council for review by the end of this year.
According to Odaily, the Argentine government has signed a fiscal plan this week that includes a tax amnesty for individuals declaring assets worth $100,000, including registered crypto assets. Roberto Silva, Chairman of the National Securities Commission of Argentina, stated that this amnesty could alleviate pressure from the Financial Action Task Force (FATF). An analysis report from the International Monetary Fund (IMF) indicated that FATF has threatened to place Argentina on a grey list, which would increase monitoring of the country, potentially stifle foreign direct investment, raise international interest rates, and possibly lead to a decline in GDP.Silva mentioned that the registration of crypto assets is the first step towards regulation, hinting that these rules might follow those implemented in the United States. Experts believe this move could help Argentina regulate its cryptocurrency market. In May and June of this year, Argentina intensified its crackdown on crypto-related crimes. The prosecutor's office conducted 64 raids, resulting in the arrest of 20 domestic and 10 international criminals involved in smuggling, money laundering, and illegal gambling. Argentine leaders are scheduled to meet with FATF in Paris in October, where the task force will continue to assess Argentina's risks related to money laundering and terrorist financing.