-
US Congressman Proposes Limiting SEC’s Enforcement Funds on Digital Assets
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. Congressman Tom Emmer, a prominent advocate for cryptocurrencies, has announced his intention to introduce an appropriations amendment that would restrict the United States Securities and Exchange Commission (SEC) from deploying funds towards enforcing regulations on digital assets. Emmer strongly believes that the…
-
Texas Senator Ted Cruz Praises Bitcoin Mining for Economic Benefits and Grid Resiliency
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. In a recent interview with Forbes, Texas Senator Ted Cruz expressed his support for Bitcoin mining, emphasizing how it benefits the state’s economy and grid. Cruz commended the decentralized nature of cryptocurrency technology and highlighted the financial freedom that Bitcoin represents. Texas’…
-
China’s Crypto Crackdown: Weibo Purges Prominent Crypto Influencers
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. Weibo, the Beijing-based social media giant, recently purged 80 of its most prominent crypto influencers, reflecting China’s ongoing strict crackdown on cryptocurrency activities. This move has raised concerns about the future of the crypto industry in the world’s most populous country. China’s…
-
Stablecoin Adoption Poses Risks to US Payment System, Warns Michael Barr
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. In a recent speech at a fintech conference held at the Federal Reserve Bank of Philadelphia, Michael Barr, a prominent official at the US Federal Reserve, raised concerns about the growing use of unregulated stablecoins that are pegged to the US dollar.…
-
Recent Spike in Bitcoin Supply on Exchanges Sparks Selloff Concerns
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. The on-chain data reveals a notable increase of 3.1% in the Bitcoin exchange supply over the past two weeks. This surge in supply on exchanges has grabbed the attention of market participants and raised questions about the potential implications for the market.…
-
Embracing Transparency: US Crypto Accounting Evolves with Fair Value Standards
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. Cryptocurrency accounting in the United States is on the verge of a transformative change, as the Financial Accounting Standards Board (FASB) has given unanimous approval to new rules governing the fair valuation of companies’ crypto holdings. This move, hailed by the financial…
The Global Banker 