US President Joe Biden has vetoed a bill that would overturn a Securities and Exchange Commission (SEC) bulletin board that sets accounting standards for companies that store cryptocurrencies. “Our administration will not support actions that jeopardize the well-being of consumers and investors,” President Biden said in a letter to the U.S. House of Representatives posted on the White House website. “Leveraging the potential benefits and opportunities of crypto asset innovation requires appropriate guardrails to protect consumers and investors.”Earlier this month, the full House and Senate voted in favor of a bill to repeal the SEC Staff Accounting Bulletin, also known…
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Industry leaders have seen a potential wave of new ETFs for XRP, Solana, and Cardano. XRP’s legal battle with the SEC has cast a shadow over it, and Solana’s recent boom has established XRP as a strong competitor. The SEC’s stance on staking rewards for Ethereum ETFs may impact future approvals. A storm of speculation has ignited in the cryptocurrency world after the U.S. Securities and Exchange Commission (SEC) approved progress for a spot Bitcoin ETF and an Ethereum ETF. The question on everyone’s mind is what digital assets will follow ahead of the exchange-traded fund’s debut.Domino effect from recent…
Oracle responds to criticism from Business InsiderIn a recent blog post, Oracle defended its efforts to modernize medical technology for veterans, following a critical article in Business Insider. The article, which questioned Oracle’s $28 billion investment in medical technology, was labeled clickbait by Oracle, according to oracle.com.Business Insider ClaimsA Business Insider article criticized Oracle’s handling of the Department of Veterans Affairs (VA)’s electronic health record (EHR) modernization program, suggesting that the plan had negative outcomes for patients. The article also drew parallels with a similar article published two years earlier, which questioned the same modernization…
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Share this article House Financial Services Committee Chairman Patrick McHenry (R-NC) and Senator Cynthia Loomis (R-WY) urge President Joe Biden to reconsider his veto of the bipartisan Congressional Review Act (CRA) resolution to overturn Securities and Exchange Commission (SEC) staff accounting. I led a letter urging that this be done. Notice 121 (SAB 121). SAB 121 prohibits highly regulated financial companies from storing Bitcoin and other cryptocurrencies. “In light of the overwhelming bipartisan vote, we urge you to sign HJ Res. Enact 109 into law or work with the SEC to repeal the employee directive,” the letter states. “It is…
Ethereum’s founder revisited the “Bitcoin block size war” in the late 2010s, reconsidering his alliance with the “big block” camp, and now acknowledged that “small blocks” have won for good reason.Vitalik Buterin published a lengthy blog post on Friday about how Bitcoin should be expanded, upgraded and managed, looking back at two Bitcoin history books that tell the story from opposite sides of the debate.Buterin said advocates of larger block sizes want a hard fork upgrade that could increase Bitcoin’s transaction throughput. But looking back, he believes that the big disruptors lacked the capacity to properly execute his vision, and…
Ethereum (ETH) started the year strong, but began to decline in mid-March. However, altcoins began to gain momentum in mid-May amid expectations of approval of a spot Ethereum exchange-traded fund (ETF) in the United States.ETH has been overtaking Bitcoin (BTC) since January 1, but has surpassed the flagship cryptocurrency since the spot Ether ETF received official approval from the Securities and Exchange Commission on May 23. Since May 15, ETH has surged around 30% compared to BTC’s 9% rise in each US dollar pair.Ethereum and Bitcoin 2-week performance. source: TradingViewThere are three main reasons why ETH is outperforming BTC over…
It’s fantastic to have a nice income, but a lot of it can be gone when tax time comes. Good news? The Indian government offers various ways to save on taxes and keep more of your hard-earned money.Created specifically for Indian taxpayers, this guide explores powerful strategies to help you reduce your tax burden and achieve your financial goals.We’ll look at tax-saving investment options, required expense deductions, and intelligent financial planning techniques. Take advantage of valuable tax benefits, invest in your future, and enjoy the joy of keeping more money in your pocket!inform! Cryptocurrency Investors – Can I save on…
Crypto analyst Pierre provided insight into why $69,000 is worth it. reasonable price level For Bitcoin. He suggested that the flagship cryptocurrency could take a hit. New All-Time High (ATH) If successfully maintained above that range. A Break Above $69,000 Could Lead to a Bitcoin Recovery Pierre mentioned on X (formerly Twitter) post That’s because Bitcoin needs to break above $69,000 for the cryptocurrency token to retest that range. ATH Region $73,000. This could also open up the possibility of reaching a new ATH if the flagship enjoys a breakthrough during the retest. Current ATH region. Source: X Meanwhile, Pierre…
Yves La Rose, CEO of the EOS Network Foundation, announced that a community proposal to limit the EOS supply to 2.1 billion tokens and burn the excess has been approved. Once implemented, this proposal would exhaust nearly 80% of total EOS supply, primarily due to future emissions, with a fixed supply cap set at 2.1 billion rather than 10 billion. The EOS Network Foundation represents the EOS community and acquired control of Block.one in 2021. The Foundation previously presented a multi-signature proposal to establish this fixed supply and received approval from at least 15 of the 21 EOS block producers.…