The recent decision by the United States House of Representatives to pass the CBDC Anti-Surveillance State Act has sparked a significant debate within the crypto community and beyond. The bill, introduced by Rep. Tom Emmer, aims to prevent the Federal Reserve from directly issuing a Central Bank Digital Currency to the American people. This has
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Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), recently expressed strong opposition to the Financial Innovation and Technology for the 21st Century (FIT21) Act. This act has been hailed for providing regulatory clarity to the crypto industry, but Gensler argues that it would actually weaken consumer protections in the market. The
Uniswap Labs has recently issued a strong response to the SEC’s Wells notice, rejecting the agency’s attempts to regulate DeFi as misguided and legally unsound. The company expressed confidence in its position and readiness to defend itself in potential litigation against the SEC. In a blog post on May 20, Uniswap Labs criticized the SEC’s
Revolutionizing the way Web3 projects raise capital and issue tokens, Polimec has recently debuted on the Polkadot network. This decentralized and community-driven funding protocol aims to provide a transparent and regulatory-compliant environment for connecting investors and startups globally. The launch of Polimec marks a significant step forward in Web3 fundraising engagement, offering an avenue for
Polkadot, a blockchain protocol known for its advancements in scalability and efficiency, recently announced a groundbreaking partnership with Founder Institute, a leading business incubator. This collaboration marks the launch of the first Web3 cohort in Founder Institute’s Core Program. The team described it as an exciting chapter in startup acceleration and Web3 technology education. The
The introduction of Magic Launchpad by Magic Square signifies a significant shift in the way early-stage projects approach fundraising. With a vast user base of over 4.5 million unique wallets and a thriving community of 1400 registered projects, Magic Launchpad is set to revolutionize growth hacking, brand awareness, user acquisition, and fundraising strategies for emerging
Artificial intelligence (AI) has been making significant strides in recent months, with the introduction of the ChatGPT model by OpenAI. This new model not only serves as an improved voice assistant but also has the ability to interpret body motion cues, such as the intensity of a user’s breathing. As a result of these advancements,
Oklahoma has made history by becoming the first state in the United States to legally protect the right to self-custody Bitcoin through the passing of a groundbreaking bill. This new legislation signed by Republican Governor Kevin Stitt, known as the ‘Bitcoin Rights’ bill (HB3594), solidifies the ability of residents to possess, control, and utilize digital
The US Treasury Department is set to prioritize addressing the risks posed by cryptocurrencies and emerging technologies in the near future through the implementation of comprehensive regulations. The department’s 2024 National Strategy for Combating Terrorist and Other Illicit Financing report includes digital assets as a key focus area. The strategy aims to combat the misuse
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