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📣Crypto News Flash: Republican Senator Cynthia Lummis has penned a plea to President Biden, urging him not to veto the repeal of the contentious SEC's Staff Accounting Bulletin-121 (SAB-121). The crypto-friendly senator has criticized the SEC's "improper" issuance of the guidance, bypassing a full commission vote. The House and Senate have already voted to repeal SAB-121, but Biden's veto threat has the crypto community on tenterhooks. However, a recent shift in the White House's stance towards crypto, asking for industry input on future policy, might just save the day. Stay tuned for the June 3 deadline! 🕰️

📣Crypto News Flash: Republican Senator Cynthia Lummis has penned a plea to President Biden, urging him not to veto the repeal of the contentious SEC's Staff Accounting Bulletin-121 (SAB-121). The crypto-friendly senator has criticized the SEC's "improper" issuance of the guidance, bypassing a full commission vote. The House and Senate have already voted to repeal SAB-121, but Biden's veto threat has the crypto community on tenterhooks. However, a recent shift in the White House's stance towards crypto, asking for industry input on future policy, might just save the day. Stay tuned for the June 3 deadline! 🕰️

Отказ от отговорност: Включва мнения на трети страни. Това не е финансов съвет. Може да включва спонсорирано съдържание. Вижте Правилата и условията.
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🐪 Qatar Central Bank (QCB) is stepping into the digital currency desert, launching the first phase of its central bank digital currency (CBDC) experiment. The project, shrouded in as much mystery as a desert mirage, will focus on distributed ledger tech, AI, and enhancing liquidity. It's a bit of a neighborhood trend, with the UAE already dabbling in CBDCs. Meanwhile, Qatar's fintech sandbox is open for play, offering rapid testing cycles for eligible participants. But don't get too excited, crypto cowboys. The QCB may be embracing digital, but it's still giving the cold shoulder to virtual asset services. 🏜️💰
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📣 Hong Kong's crypto exchange licenses are now a bargain, costing only several million dollars, a far cry from last year's $25 million tag! Livio Wang of HashKey Group spilled the beans to the Financial Times, explaining the costs vary depending on the licensing stage. Since June 1, Hong Kong has shown unlicensed exchanges the door, with 11 firms now "deemed to be licensed". HashKey and OSL are the only fully licensed players in town. HashKey, now managing $500 million in user assets, has seen a 267% surge in activated customers week-on-week. But remember, cheap licenses don't mean easy money - just ask the investors who lost $166 million to unlicensed exchange JPEX last year!
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🍪 Binance co-founder, Yi He, has a message for crypto traders: "Keep your cookies to yourself!" After a user claimed a $1M loss due to a security breach, she clarified that the user's computer was hacked, not Binance. The hacker, unable to withdraw funds, sold the victim's coins causing trading losses. The user, Nakamao, alleges that the hacker manipulated his account using his web cookies. Binance responded, stating the hacker impersonated Nakamao via a plug-in, but they froze the account within 79 seconds of being notified. However, the hacker had already made several leveraged trades. Binance warns users about the risks of active cookie plugins.
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📢 Bitcoin fans, buckle up! The European Central Bank (ECB) is expected to trim interest rates by 0.25% to 4.25% on June 6, and this could be a boon for BTC. Why? Lower rates usually weaken the euro and increase liquidity, which can give a leg up to risk assets like Bitcoin. So, if you've been eyeing that BTC, now might be the time to pounce! 🚀 But remember, Bitcoin's relationship status with traditional equities is complicated. Sometimes they move together, sometimes not. But in a stimulus-driven environment with lower rates, Bitcoin may just decide to join the equities party. Stay tuned!
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MicroStrategy's Bitcoin-loving founder, Michael Saylor, has agreed to a whopping $40 million settlement to resolve a tax evasion lawsuit. The District of Columbia's attorney general called it the "biggest-ever income tax fraud recovery" in the district. 🏛️ The suit claimed Saylor paid no income taxes for a decade while living in the district, with his firm allegedly helping him dodge over $25 million in taxes. This saga led to Saylor stepping down as CEO, but he's still serving as executive chairman and board director. Stay tuned for more updates on this blockbuster settlement!
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