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#digitalassets

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Democrats stall #Stablecoin bill, citing Trump crypto ambitions

Democratic lawmakers want to add language to the bill that would restrict elected officials and high-level government employees from owning and profiting off stablecoin issuers.

americanbanker.com/news/democr

Waters Hill
American Banker · Republicans move stablecoin, other bank bills, out of committeeBy Claire Williams

More from the #idiocracy:

#Trump announced the names of 3 #cryptocurrencies to be included in a new US #crypto strategic reserve on Sunday, spiking the value of each in #market trading.

Trump said on social media that his January #ExecutiveOrder on #DigitalAssets would create a stockpile of currencies including XRP (#Ripple), SOL (#Solana), & ADA (#Cardano).

The assets rose 10% to 35% in trading on Sunday. Other digital assets also gained.

#economy #finance #USpol
reuters.com/world/us/trump-say

Nearly $1.5 billion in tokens lost in Bybit crypto exchange hack

Ben Zhou, CEO of Bybit, said that a hacker accessed one of the company's offline Ethereum wallets, and removed the coins in a series of transactions

americanbanker.com/news/nearly

American Banker · Nearly $1.5 billion in tokens lost in Bybit crypto exchange hackBy Emma Kinery
Continued thread

Also in attendance…was #MicroStrategy founder #MichaelSaylor, wearing his trademark orange bow tie, a nod to #bitcoin…, #Ripple CEO #BradGarlinghouse & top execs at #Coinbase, including global #policy head #FaryarShirzad….

The #Winklevoss twins chatted w/Chris Dixon of #AndreessenHorowitz & his colleague, Sriram Krishnan, who left his role…at the firm to join #DavidSacks’ task force. #BoHines, #Trump’s choice to lead the Presidential Council of Advisers for #DigitalAssets, was also present.…

Continued thread

In the period of 48hrs, the #Trump family’s net worth surged by billions, based on holdings of its just-launched #DigitalAssets, underscoring the #unregulated nature of #cryptocurrencies & Trump’s ability to use his fame, power & partnership w/the industry to enrich himself, his family & his allies at the flip of a switch.

#Crypto industry leaders & investors emerged as some of Trump’s biggest supporters in the campaign in an effort to #influence future #policies & to ease #regulations….

> by attempting to shoehorn #digitalAssets into illfitting federal #securities laws and inapt disclosure regimes, the #SEC is harming the very citizens it purports to protect, by displacing better-suited state laws that have been carefully designed to ensure consumer protection in the digital asset industry

theverge.com/2024/11/15/242976

The Verge · 18 states want the SEC to stop enforcing crypto regulationBy Elizabeth Lopatto

> This collaboration further combines the innovative #crypto landscape with the resiliency and reliability of traditional #securities #markets and would mark a significant milestone for expanding the maturation of the #digitalassets market

seekingalpha.com/news/4144179-

Seeking Alpha · Nasdaq seeks approval to list and trade bitcoin index optionsBy Liz Kiesche

Don't miss this #DPClinic next Friday (31 May, 1pm UTC) on Developing Digital Asset Registers!

New guidance on creating a #DAR will be introduced and you can ask all your #digitalassets #register questions 🧐

Find out more and register here: dpconline.org/events/eventdeta

www.dpconline.org#DPClinic May - Developing Digital Asset Registers - Digital Preservation Coalition