In the latest developments from Coinbase, the company has initiated a Freedom of Information Act request to gain insight into regulatory practices that affect crypto holdings at banks. Concurrently, Elon Musk and Coinbase CEO Brian Armstrong are throwing their support behind pro-crypto advocate John Deaton, who is contesting Senator Elizabeth Warren’s restrictive stance on cryptocurrency regulation.

Simultaneously, Plus Wallet, a prominent player in the crypto wallet arena, is rolling out a lucrative rewards model that offers USDT for every crypto transaction. The wallet’s Refer to Earn scheme additionally converts referrals into a continuous revenue stream, offering an attractive prospect for users eager to amplify their crypto earnings.

Coinbase Seeks FDIC’s Insight on Crypto Deposit Restrictions

Coinbase has submitted a Freedom of Information Act (FOIA) request to U.S. banking authorities requesting clarity on the alleged limitations on crypto deposits at specific banks. Paul Grewal, the Chief Legal Officer, is seeking FDIC documents that detail any imposed limits on digital asset companies at banks like Signature and Silvergate.

This request by Coinbase could also reveal communications between the FDIC and other regulatory bodies amidst ongoing legal challenges with the SEC and FDIC, where Coinbase contests their governance over the crypto industry.

Elon Musk & Coinbase CEO Back Pro-Crypto Senate Candidate

Elon Musk recently expressed his support for pro-XRP lawyer John Deaton, who is challenging Senator Elizabeth Warren in Massachusetts. Musk’s succinct endorsement via a "YES" on social media platform X complements the support from Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse. Armstrong has criticized Warren’s endorsement of SEC policies under Gary Gensler, which he believes stifles crypto innovation and favors state-controlled financial systems.

Moreover, Warren’s stance against crypto, which Armstrong claims limits financial liberty, has made her a contentious figure within the sector. This high-profile backing for Deaton highlights the increasing political focus on cryptocurrency regulation and the industry’s future in the U.S.

Plus Wallet Introduces Unlimited Earnings on Swaps & Referrals

As a leading crypto wallet, Plus Wallet now allows users to earn directly from their crypto activities with its Swap to Earn feature. Each trading action within the app rewards the user with USDT, anchoring steady asset growth through consistent engagement. This feature transforms routine trading into a rewarding opportunity, with benefits accruing from every transaction.

Furthermore, Plus Wallet users are not just compensated for their transactions; the Refer to Earn feature extends the earning potential beyond personal trades. By referring new users, individuals can earn a share of the rewards from every transaction their referrals make, effectively multiplying their revenue streams.

Plus Wallet lifts all restrictions on earnings from both swaps and referrals, enabling income to grow as transaction volume increases among users and their networks, thus making it an appealing choice for those looking to maximize their crypto earnings continuously.

Conclusive Thoughts

From Coinbase’s push for regulatory clarity to Elon Musk’s endorsement of a pro-crypto Senate candidate, pivotal developments are shaping the cryptocurrency landscape. Meanwhile, Plus Wallet offers a comprehensive solution for crypto enthusiasts, blending secure storage with profitable features.

Through its Swap to Earn and Refer to Earn programs, Plus Wallet turns everyday trading into a lucrative income source. For those aiming to expand their crypto holdings, Plus Wallet stands out as a versatile and rewarding option in the market, providing a straightforward and beneficial experience.

Plus Wallet:

Website: https://pluswallet.app/

Download: https://onelink.to/pluswalletapp

Twitter: https://x.com/pluswalletapp

Instagram: https://www.instagram.com/pluswallet.app/

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