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White House AI and crypto czar David Sacks confirmed that he does not hold any crypto assets, having sold everything prior to US President Donald Trump’s inauguration.
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Uphold’s decision to relaunch the US staking has also been partly contributed by the SEC dropping lawsuits against Coinbase, McLoughlin mentioned.
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“Great to see people who actually understand the technology — such as Hester Peirce leading the SEC crypto task force and Paul Atkins as the presumptive incoming Chair of the SEC — now in positions where they can influence the sentiment and direction of crypto rulemaking,” McLoughlin said, adding:
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The legal ecosystem surrounding crypto assets in the US has “clearly changed” with the new presidential administration and “common sense prevailing in the US approach to crypto policy,” the Uphold CEO said.
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“Back then, Uphold announced that it ‘can’t ignore the recent SEC guidance on staking’ and was thus preemptively ending its staking services,” McLoughlin stated.
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This pay-to-play strategy can discourage newer players in content- and internet-based services since they might not be able to compete with incumbents with deeper pockets. Even more troubling is the potential for ISPs to censor or limit access to politically sensitive content, posing a direct threat to democracy and free speech.
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Ohio representatives have been proactive with crypto-related bills in recent months. In September, Ohio Senator Niraj Antani introduced a bill requiring the state to accept cryptocurrency for payment of state taxes and fees.
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On Jan. 23, a record of 71,735 tokens were launched on the Pump.fun, but by Feb. 19, that number had dwindled to just 28,898.
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https://warpcast.com/merfil095/0xedf56718
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Davis made the remarks during an interview with YouTube investigator Stephen Findeisen, better known as “Coffeezilla,” where he defended the Libra token’s collapse as a failure rather than a scam.
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Davis, founder of the controversial Libra (LIBRA) memecoin project, claimed that complaints about memecoin trading stem from investors frustrated over not being part of insider deals.
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The payments will also have to include a “rationale” which was previously “left blank,” while Musk also pushed for the “DO-NOT-PAY list of entities” to be updated on a weekly or daily basis instead of the current yearly updates.
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The first such criteria will require that all government payments have a payment categorization code, which was “frequently left blank, making audits almost impossible.”
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Crypto has become a lucrative business for the German stock exchange Boerse Stuttgart, which reported a significant revenue boost from digital asset trading services.
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Tether has denied any wrongdoing, claiming that it abided by its contractual rights under the joint venture agreement.
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Despite the fall, USDT stablecoin dominance still sits above 65% in what has become a $210 billion market.
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A highlight of the year was when the Central Bank of the UAE (CBUAE) introduced the Payment Token Services Regulation via Circular No. 2/2024 in June 2024, regulating the issuance of stablecoins. Moreover, after a 12-month grace period, businesses in the UAE will only be allowed to accept crypto payments in dirham-backed stablecoins issued by CBUAE-approved entities.
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Some users confirmed they had seen the crypto ads on Alipay, predicting that “the next step is to buy Bitcoin directly with Alipay.”
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The first reports on Alipay featuring crypto-related ads surfaced on Dec. 11, with local blockchain outlet ChainCatcher breaking the news, citing community reports.
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“It indirectly invested in Coinbase stock and Ark spot Bitcoin ETF by investing in Wood Sister’s fund. In addition, Huabao Technology and many similar QDIIs advertise cryptocurrency on Alipay,” Wu noted in another post on X.
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