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jones8u3t

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From a $6,600 individual contribution from Ripple co-founder Chris Larsen to Maryland Senator Angela Alsobrooks to more than $10 million from the Protect Progress PAC — also a Fairshake affiliate — to support Michigan Senator Elissa Slotkin, crypto money arguably influenced the composition of the next US Senate just as much if not more than other special interest groups.
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According to data from the election influence tracking website Follow The Crypto, 10 new members of the US Senate expected to be sworn in benefitted in some way from funding from the cryptocurrency industry.
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One of the most high-profile elections saw Republican Bernie Moreno defeating incumbent Ohio Senator Sherrod Brown by roughly 200,000 votes after the Defend American Jobs PAC spent more than $40 million.
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Crypto executives and political action committees (PACs) like Fairshake and its affiliates poured millions of dollars into media buys to support “pro-crypto” candidates in the 2024 election cycle, which could have contributed to some politicians winning in certain tight races across the country.
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The lawmaker said that it’s time to stop “totalitarian temptations” by the ECB, calling for a shift from regulatory overreach in crypto to adopting the decentralized nature of Bitcoin.
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“No to the digital euro, yes to a strategic Bitcoin reserve,” Knafo said in an X post, which included a video of her speech before the European Parliament.
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European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve while rejecting the proposed adoption of the “digital euro,” a central bank digital currency (CBDC) under development by the European Central Bank (ECB).
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The initiative was partly in response to global market disruptions and aimed to end the option of operating without a license from the Autorité des Marchés Financiers.
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In December 2022, the French Senate’s finance commission proposed expediting mandatory licensing for crypto firms to eliminate the option to operate crypto financial services without full authorization until 2026.
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France has intensified its regulatory framework for cryptocurrency service providers and enhanced consumer protection and financial stability.
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Users with a verified Coinhouse account matching their Bybit identity will not incur a fee on the day of the asset transfer. They should “see their assets reflected in their account shortly after transfer.”
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The announcement said that the custody fee “will be applied monthly, on the first day of each month,” but the first fee will be charged on the day the assets are transferred to Coinhouse.
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However, unverified Coinhouse accounts will incur a custody fee of 0.16% of asset value or 1 USDC monthly — whichever is higher — until successful KYC verification.
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Bybit clarified that there would be no fees for converting assets to USDC or transferring funds to Coinhouse.
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“At stake is the reality of a bipartisan SEC,” said the letter. “The incoming Trump administration has signaled they are considering breaking from the tradition that provides for the opposition party to select candidates for the two minority seats.”
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The Senate Banking Committee was expected to decide on the SEC commissioner’s nomination on Dec. 11 before a postponement, leaving many questioning whether lawmakers have enough time to confirm Crenshaw in the current session of Congress.
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In a Dec. 12 letter to the US Senate, more than 40 organizations asked lawmakers to vote yes on Crenshaw’s nomination, which could have her working at the SEC until 2029.
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Consumer advocacy organization Public Citizen and other interest groups are urging lawmakers in the United States to act and confirm Caroline Crenshaw to a second term at the Securities and Exchange Commission (SEC) before the next Congress is sworn in.
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Although stablecoins have integrated with traditional finance through controlled regulatory actions, some regulators have raised concerns about the integration.
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By integrating USDT into its framework, the ADGM could strengthen its position as a financial hub for innovation and support its own economic diversification in the UAE.
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