lottegust0 pfp

lottegust0

@lottegust0

199 Following
93 Followers
lottegust0 pfp
lottegust0
@lottegust0
Rombolá also said his firm is preparing a class-action suit for people who might have invested in the token and lost money.
0 reply
0 recast
0 reaction
lottegust0 pfp
lottegust0
@lottegust0
In a Feb. 16 statement to X, Rombolá, who is also a member of the Argentine political party Unión Cívica Radical, said he had reported Milei for alleged “fraud, negotiations incompatible with public office, price manipulation and financial crimes.”
0 reply
0 recast
0 reaction
lottegust0 pfp
lottegust0
@lottegust0
Bukele has been on a mission to rebrand his small, struggling nation as a hub for cryptocurrency and tourism. In 2021, he made headlines by pioneering Bitcoin as legal tender, a bold move that placed the country at the forefront of the crypto revolution. His administration has also strategically boosted El Salvador’s Treasury reserves with regular Bitcoin purchases, which now total $650 million worth.
0 reply
0 recast
0 reaction
lottegust0 pfp
lottegust0
@lottegust0
“I personally believe that this year—and the years to come, but especially this one with Trump’s inauguration—will be very significant for Bitcoin and the entire ecosystem,” Bukele declared during a press conference on Jan. 14. He predicted a “likely exponential” revaluation of Bitcoin and a “friendlier ecosystem” ahead.
0 reply
0 recast
0 reaction
lottegust0 pfp
lottegust0
@lottegust0
Previously, President Trump has taken credit for Bitcoin’s historic run, citing his long-standing support and promotion of the cryptocurrency’s use in the US market. Still, El Salvador is already feeling tangible benefits from the rise in its price.
0 reply
0 recast
0 reaction
lottegust0 pfp
lottegust0
@lottegust0
The idea of a strategic Bitcoin reserve received support from both sides of the political aisle, including from Democratic Representative Ro Khanna, the first Democratic lawmaker to back a Bitcoin reserve.
0 reply
0 recast
16 reactions
lottegust0 pfp
lottegust0
@lottegust0
With bipartisan support, the bill could be accepted during the next four years. “State-level momentum is building, with initiatives such as Pennsylvania’s Bitcoin Strategic Reserve Act serving as a model for broader adoption,” Plotnikova said.
0 reply
0 recast
16 reactions
lottegust0 pfp
lottegust0
@lottegust0
The Bitcoin reserve proposal is gaining significant support thanks to Trump’s victory in the November election and the incoming Republican Party Senate majority, according to Anastasija Plotnikova, co-founder and CEO of Fideum.
0 reply
0 recast
15 reactions
lottegust0 pfp
lottegust0
@lottegust0
Known as one of the most anticipated crypto-related bills — the Bitcoin Act championed by Wyoming Senator Cynthia Lummis — proposes the creation of a strategic Bitcoin reserve.
0 reply
0 recast
16 reactions
lottegust0 pfp
lottegust0
@lottegust0
Bitcoin may be adopted as a savings technology by the United States government during the next four years under the incoming administration of President-elect Donald Trump.
0 reply
0 recast
15 reactions
lottegust0 pfp
lottegust0
@lottegust0
In 2024, global cryptocurrency adoption surged as Bitcoin broke price records and governments began integrating crypto into their financial frameworks. From Bitcoin’s historic milestones to Europe’s regulatory strides, 2024 set the stage for crypto’s mainstream integration.
0 reply
0 recast
13 reactions
lottegust0 pfp
lottegust0
@lottegust0
According to the IRS’ estimations, between 650 and 875 estimated DeFi brokers and up to 2.6 million US taxpayers will be affected by these final regulations.
0 reply
0 recast
13 reactions
lottegust0 pfp
lottegust0
@lottegust0
The IRS’ rules will apply to digital asset sales starting in 2027. Brokers will need to begin collecting and reporting the necessary data for digital asset transactions starting in 2026.
0 reply
0 recast
12 reactions
lottegust0 pfp
lottegust0
@lottegust0
The IRS’ new definition of “broker” includes DeFi trading front-ends, which do not effectuate transactions, wrote Marisa Coppel, Head of Legal, Blockchain Association, adding:
0 reply
0 recast
11 reactions
lottegust0 pfp
lottegust0
@lottegust0
Some legal experts consider the IRS’ new rules to be an infringement of the privacy rights of DeFi users.
0 reply
0 recast
12 reactions
lottegust0 pfp
lottegust0
@lottegust0
The ASIC stated in the filing that retail clients are entitled to stronger consumer protections and described Binance Australia Derivatives’ alleged misclassification as “woefully inadequate.”
0 reply
1 recast
11 reactions
lottegust0 pfp
lottegust0
@lottegust0
By classifying the retail clients as wholesale investors, the Australian regulator claims that Binance Australia Derivatives stripped the retail clients of legal protections afforded them under Australian financial laws.
0 reply
1 recast
11 reactions
lottegust0 pfp
lottegust0
@lottegust0
In the news release, ASIC claimed that the crypto derivatives trading platform had misclassified over 500 retail clients as wholesale investors between July 2022 and April 2023.
0 reply
1 recast
11 reactions
lottegust0 pfp
lottegust0
@lottegust0
On Dec. 18, the Australian Securities and Investments Commission (ASIC) filed legal action against Binance Australia Derivatives for alleged consumer protection failures.
0 reply
1 recast
11 reactions
lottegust0 pfp
lottegust0
@lottegust0
“In 2024, we saw a big shift in crypto attacks, with centralized entities becoming far more prominent targets,” Jean Rausis, cybersecurity specialist and co-founder of DeFi ecosystem SmarDex, told Cointelegraph.
0 reply
1 recast
11 reactions