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White House report says majority of cryptos have ‘no fundamental value’

0xMain
March 22, 2023

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In a recent report, the White House made a concern against cryptos by claiming that some elements of the ecosystem for digital assets are problematic for consumers, the economy, and the environment. Worries at the White House By highlighting the drawbacks of digital...

Almost $20b in cryptos hit exchanges last week

0xMain
March 20, 2023

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According to data provided by Glassnode, roughly $19.5 billion of BTC, ETH and USDT was brought to the exchanges, last week. Bitcoin leads the inflow with $9.6 billion while the largest stablecoin was not far away, reaching the $9.5 billion mark. As the...

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South Dakota governor vetoes bill excluding cryptos from definition of money

0xMain
March 10, 2023

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South Dakota governor Kristi Noem has formally rejected legislation that would have excluded bitcoin (BTC) and other cryptocurrencies from the definition of money. Bill excluded crypto but classified CBDCs as money The legislation, known as House Bill 1193, was intended to amend provisions...

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South Dakota proposes bill to define cryptos legally

0xMain
March 2, 2023

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The state of South Dakota has introduced a new bill to redefine the concept of money, particularly concerning cryptocurrencies. South Dakota’s proposed bill could affect cryptocurrency regulation The new bill titled “An Act to amend provisions of the Uniform Commercial Code” has been...

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Lawyers criticize Gensler’s assertion that all cryptos are securities

0xMain
February 27, 2023

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In recent times, digital currency lawyers have strongly criticized Gary Gensler, the United States Securities and Exchange Commission (SEC) head, for his recent comments that all cryptocurrencies, except bitcoin (BTC), are securities under the agency’s jurisdiction. In an interview with New York Magazine...

FED may prohibit state banks from holding cryptos as principal

0xMain
February 8, 2023

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The Federal Reserve System stated that it intends to presumptively prohibit state banks from holding crypto-assets as principals without permission from the Fed and OCC. In an updated guide issued on the Federal Register, the Board of Governors of the Federal Reserve System said...