#Robinhood has announced that its derivatives division has launched contracts on the US presidential election. Users of the platform will now be able to bet on the outcome of the presidential election, which will take place on November 5, 2024.

According to the company's statement, the contracts will be paid after the US Congress approves the election results on January 6, 2025. There is another restriction - only citizens of the #UnitedStates can place bets, but not all of them. For example, employees of the campaign headquarters of candidates from the Republican and Democratic parties will not be able to buy contracts.

Robinhood is committed to democratizing finance for everyone, regardless of who is in power. And while we allow our customers to bet on the outcome of the 2024 presidential election, real-time results and market fluctuations do not indicate Robinhood's support for either candidate,” the company said on its official website.

Robinhood joined the prediction market after betting platform Kalshi won a court case against the U.S. Commodity Futures Trading Commission in early October. This allowed the platform to continue offering US users bets on election results.
#TetherAEDLaunch

Important macroeconomic events are expected next week, which could significantly affect financial markets, including cryptocurrencies. This was reported by researchers at Greeks Live. One of the key will be the publication of data on employment in the non-farm sector in the #UnitedStates and the unemployment rate, which will be the last major economic indicator before the election of a new head of the United States.

According to analysts, attention to the procedure this time is somewhat lower than expected, although uncertainty is still high. The IV election cycle rights remain fairly steady, indicating the tension ahead of the upcoming events.

Among the upcoming events, experts also noted the release of October ADP private sector employment data and preliminary data on US GDP for Q3. This information will help assess the current state of the US economy and possible risks to further growth.

"Also important will be publications from the Bank of Japan on interest rates and the report on the price index of basic personal consumption expenditures (PCE) on Thursday. These indicators will give traders and investors an opportunity to understand what changes are taking place in inflation and monetary policy,” assured specialists.

By the end of the week investors' attention will be focused on the US unemployment data as well as the non-farm payrolls figure. These data usually cause strong volatility in the market. In addition, the publication of the PMI index for the manufacturing sector and the financial report of Apple is expected, which may become an indicator of the state of the US technology sector.

Against the backdrop of these macroeconomic events, the cryptocurrency market is still showing weakness: #Bitcoin❗ failed to reach new highs, while other cryptocurrencies suffered even more significant losses. Bitcoin's short- and medium-term implied volatilities (IV) remain at low levels.
#16thBTCWhitePaperAnniv

Cryptocurrencies and blockchain technology have rapidly evolved, creating new financial products and services. This innovation has led to varying regulatory responses worldwide as governments and regulatory bodies grapple with integrating these digital assets into existing financial services frameworks. This article explores how crypto assets and their related services fall within these frameworks across different jurisdictions.
United States: Navigating Complex Regulations
In the United States, the regulatory landscape for crypto assets is fragmented, with several agencies having jurisdiction over different aspects of the market.
Securities and Exchange Commission (SEC): The SEC regulates crypto assets that qualify as securities. This is primarily determined by the Howey Test, which assesses whether a transaction involves an investment contract. If deemed securities, crypto assets must comply with the Securities Act of 1933 and the Securities Exchange Act of 1934, including registration and disclosure requirements.Commodity Futures Trading Commission (CFTC): The CFTC oversees crypto assets classified as commodities, such as Bitcoin. This includes regulation of derivatives trading under the Commodity Exchange Act.Financial Crimes Enforcement Network (FinCEN): FinCEN enforces AML regulations. Crypto exchanges and wallet providers must implement AML and KYC measures, similar to traditional financial institutions, under the Bank Secrecy Act (BSA).Internal Revenue Service (IRS): The IRS treats crypto assets as property for tax purposes, meaning capital gains tax applies to transactions involving crypto assets.
The U.S. regulatory approach emphasizes compliance and consumer protection, but the lack of a unified framework creates complexity for market participants.
European Union: Toward Comprehensive Regulation
The European Union is moving towards a more harmonized regulatory environment for crypto assets.
Markets in Financial Instruments Directive (MiFID II): Some crypto assets fall under MiFID II if they qualify as financial instruments. This brings them under stringent requirements, including transparency, reporting, and investor protection measures.Anti-Money Laundering Directives (AMLD5 and AMLD6): These directives require crypto exchanges and wallet providers to implement robust AML and KYC measures.Markets in Crypto-Assets Regulation (MiCA): Set to be implemented in 2024, MiCA aims to provide a unified regulatory framework across the EU. It will cover the issuance, trading, and custody of crypto assets, ensuring a consistent approach to investor protection and market integrity.
MiCA represents a significant step towards a comprehensive and coherent regulatory framework, balancing innovation with financial stability.
United Kingdom: Structured but Adaptable
In the United Kingdom, the Financial Conduct Authority (FCA) plays a central role in regulating crypto assets.
Financial Services and Markets Act 2000 (FSMA): Crypto assets classified as securities must comply with the FSMA, including requirements for disclosure, registration, and conduct.AML and KYC: The FCA mandates that crypto businesses comply with the Money Laundering, Terrorist Financing, and Transfer of Funds Regulations 2017. This includes robust AML and KYC measures to prevent illicit activities.HM Revenue & Customs (HMRC): HMRC treats crypto assets as property, and capital gains tax applies to transactions. Clear guidelines ensure compliance with tax obligations.
The UK’s approach is structured, providing clear regulatory pathways while remaining adaptable to the evolving nature of crypto assets.
Japan: Proactive and Protective
Japan has been proactive in creating a regulatory framework for crypto assets, focusing on consumer protection and market integrity.
Payment Services Act (PSA): This act regulates the exchange of crypto assets, requiring exchanges to register with the Financial Services Agency (FSA) and comply with AML and KYC requirements.Financial Instruments and Exchange Act (FIEA): Crypto assets considered securities are regulated under the FIEA, including stringent requirements for disclosure and investor protection.Taxation: The National Tax Agency (NTA) treats gains from crypto assets as miscellaneous income, subjecting them to income tax.
Japan’s regulatory framework is comprehensive, ensuring robust oversight while fostering innovation.
Singapore: Innovation with Oversight
Singapore’s regulatory approach balances innovation with robust oversight.
Payment Services Act (PSA): Introduced in 2019, the PSA provides a comprehensive regulatory framework for payment services, including digital payment token services. Crypto businesses must register and comply with AML and CFT measures.Monetary Authority of Singapore (MAS): MAS has issued guidelines on AML and countering the financing of terrorism (CFT) for digital payment tokens. MAS also engages with industry stakeholders to ensure regulations keep pace with technological advancements.Taxation: The Inland Revenue Authority of Singapore (IRAS) provides clear guidelines on the taxation of digital tokens, treating them as goods or services for GST purposes.
Singapore’s approach encourages innovation while ensuring the financial system's integrity and security.
Conclusion
The integration of crypto assets and their related services into existing financial services regulatory frameworks varies significantly across jurisdictions. While some countries like the United States adopt a fragmented approach with multiple regulatory bodies, others like the European Union and Japan are moving towards more unified and comprehensive frameworks. Regulatory clarity and consistency are crucial for fostering innovation while ensuring consumer protection and market stability. As the crypto market evolves, ongoing regulatory adaptation and international cooperation will be essential in addressing the challenges and opportunities presented by this dynamic sector.
#UnitedStates #EuropeanUnion #unitedkindom #Singapore #cryptocurrencyearn $BTC $ETH $BNB

In a recent statement, former President Donald #Trump2024 expressed strong support for the cryptocurrency sector, saying, "I am very positive and open-minded to crypto companies." He emphasized the importance of the United States taking a leading role in the field, asserting, "Our country must be the leader in the field. There is no second place."
This bold declaration from Trump has generated significant buzz in the crypto community and beyond. Here's a closer look at what this could mean for the future of cryptocurrency in the United States. A Shift in Perspective
Trump's supportive stance marks a notable shift from his previous skeptical views on cryptocurrency. By embracing the potential of crypto companies, Trump acknowledges the growing influence of digital currencies and blockchain technology on the global financial landscape.
Implications for U.S. Policy
If Trump's sentiments translate into concrete policy measures, we could see a more favorable regulatory environment for crypto businesses in the U.S. This might include clearer guidelines, reduced regulatory hurdles, and increased support for innovation in the crypto space.
Attracting Crypto Investment
A positive outlook from a high-profile figure like Trump can attract significant investment into the U.S. crypto market. Companies and investors seeking a supportive and stable environment might view the U.S. as an ideal hub for their operations, leading to increased economic activity and job creation within the sector.
Global Leadership in Crypto
Trump’s assertion that "there is no second place" underscores the competitive nature of the global crypto landscape. By positioning the U.S. as a leader, Trump is advocating for proactive measures to ensure that the country remains at the forefront of crypto innovation and adoption. This could involve fostering public-private partnerships, investing in blockchain research, and promoting educational initiatives to build a skilled workforce.
Enhancing Financial Inclusion
Embracing cryptocurrencies could also enhance financial inclusion in the U.S. Digital currencies have the potential to provide financial services to underserved populations, offering a more inclusive financial system that benefits all #Americans .
The Road Ahead
While Trump's statement is promising, the actual impact will depend on the actions taken by policymakers and industry #stakeholders . If embraced and acted upon, his positive outlook could pave the way for a new era of crypto-friendly policies and practices in the #UnitedStates .
Donald Trump's recent remarks signal a potential turning point for the U.S. cryptocurrency industry. By advocating for a leading role in the global crypto landscape, Trump #HIGHLIGHTS the importance of innovation, investment, and proactive policymaking. As the crypto community watches closely, the hope is that these words will translate into actions that foster growth and leadership in the burgeoning field of digital currencies.

- Janet Yellen advocates for tighter regulations on cryptocurrencies.
- She attributes the need for stricter measures to the volatility in crypto prices and other vulnerabilities.
- Yellen specifically references FTX as an example to underscore her point.
- The Treasury Secretary emphasizes the importance of addressing risks associated with cryptocurrencies through regulatory means.
- Yellen's stance reflects growing concerns within the government regarding the crypto market's impact on financial stability.

Alongside Gary Gensler, Janet Yellen has pivoted from her previous anti-crypto stance to advocate for tighter regulations within the industry. Speaking before the U.S. House Committee on Financial Services, Yellen expressed concerns regarding the vulnerability and price volatility inherent in crypto assets. As a representative of the US Treasury, she highlighted the failure of crypto companies to adhere to traditional regulations, underscoring the need for new legislation.
However, Yellen's call for stricter laws extends beyond the immediate concerns within the crypto markets. The precarious state of the US economy, characterized by high debt and inflation, presents a pressing risk of currency abandonment. With the national debt surpassing GDP and reaching $34 trillion, fears of economic instability akin to the stagflation of the 1970s loom large. Any disruption, such as a bank run or a shift in sentiment favoring crypto, could erode the dominance of the US Dollar.
Yellen's stance is further influenced by past events, notably the collapse of FTX, which incurred $8 billion in losses due to non-compliance. This incident spurred Yellen to advocate for stringent regulations to prevent similar catastrophes in the future. Moreover, Yellen acknowledges the futility of outright bans on cryptocurrencies, as evidenced by China's persistent crypto transactions despite regulatory crackdowns. Hence, she has consistently pushed for a unified global approach to crypto regulation, echoing sentiments expressed at the G20 Meet in India in 2023.
It's important to note that while Voice of Crypto aims to provide accurate information, readers are encouraged to conduct their own research and exercise caution due to the volatile nature of cryptocurrencies.

#cryptocurrency #UnitedStates #CryptoUS #Crypto2024

Cryptocurrency has officially entered the mainstream political arena, becoming a key issue in U.S. elections. With the growing influence of digital assets like Bitcoin and Ethereum, Wall Street is paying close attention to how political leaders will shape the future of the industry. While there’s consensus that crypto is a significant election issue, opinions are divided on which candidates or parties are best suited to support the burgeoning sector.

The Rise of Crypto as a Political Force 🚀

Cryptocurrency and blockchain technology have evolved from niche interests to major players in the global financial system. As these technologies continue to grow, they bring with them pressing questions about regulation, taxation, and innovation. For many voters, especially those involved in or supportive of the crypto industry, these issues are now top priorities.

The recognition of crypto as an election issue signals its importance in shaping future policies that could either bolster or hinder the industry's growth. 💡

Wall Street’s Split on the Best Path Forward ⚖️

Though Wall Street agrees that cryptocurrency is a critical election issue, there’s no clear consensus on which political figures or parties would best serve the industry’s interests. This division primarily revolves around different views on regulation versus market freedom.

- Pro-Regulation Advocates: Some on Wall Street believe that a well-defined regulatory framework would bring much-needed legitimacy to the crypto markets. By reducing volatility and establishing clear rules, they argue that regulation could attract more institutional investors and stabilize the industry. This camp might support candidates who favor more comprehensive and predictable regulations for cryptocurrencies. 🏦

- Pro-Market Freedom Supporters: On the other hand, many believe that excessive regulation could stifle innovation and hinder the natural growth of the crypto sector. They argue that the industry should be allowed to evolve organically with minimal government interference. These individuals are likely to back candidates who advocate for a hands-off approach, giving the crypto market the freedom to develop without restrictive regulations. 🛡️

The Stakes in the Upcoming Elections 🎯

The outcome of the upcoming elections could significantly impact the future of cryptocurrency in the United States. Whether through stringent regulations or a more laissez-faire approach, the policies shaped by elected officials will influence everything from how cryptocurrencies are taxed to how they are integrated into the broader financial system.

For Wall Street and the crypto industry, these elections are more than just about politics—they’re about the future of a financial revolution. The right regulatory environment could foster innovation and growth, while the wrong one could place heavy burdens on this emerging sector. 📊

Conclusion 🌟

As cryptocurrency continues to gain prominence, it has become clear that it’s no longer a niche issue but a central topic in the political landscape. Wall Street’s divided views on how best to support the industry underscore the complexity of integrating such a disruptive technology into the established financial system. With the upcoming elections poised to play a crucial role in determining the future of crypto, both the industry and its supporters will be watching closely.

The stakes are high, and the decisions made in the political arena could either pave the way for crypto’s continued growth or set up roadblocks that could stymie its progress. 🛣️
__________
👇👇👇
$BTC
👇👇👇
$BNB
👇👇👇
$BCH
#UnitedStates #usa #Wallstreet #LowestCPI2021 #SuperMacho

The marketing and selling of crypto assets are subject to a complex web of legal and regulatory restrictions that vary significantly by jurisdiction. Understanding these restrictions, potential exemptions, and additional considerations is essential for businesses operating in the crypto space.
Legal and Regulatory Restrictions
United StatesSecurities Laws: The U.S. Securities and Exchange Commission (SEC) mandates that crypto assets classified as securities must comply with the Securities Act of 1933 and the Securities Exchange Act of 1934. This includes registration, disclosure, and reporting requirements. Failure to comply can result in enforcement actions.Commodity Regulations: The Commodity Futures Trading Commission (CFTC) regulates crypto assets considered commodities. Derivatives and futures trading involving crypto assets must adhere to the Commodity Exchange Act.Advertising Restrictions: The Federal Trade Commission (FTC) enforces regulations on advertising, requiring truthful and non-deceptive marketing practices. Crypto-related advertisements must not make false claims or mislead consumers.State Regulations: Individual states have their own regulations. For instance, New York's BitLicense requires crypto businesses to obtain a license to operate.European UnionMiFID II: The Markets in Financial Instruments Directive II (MiFID II) applies to crypto assets classified as financial instruments. This directive imposes transparency, reporting, and conduct requirements on marketing and selling these assets.AML Directives: The 5th and 6th Anti-Money Laundering Directives (AMLD5 and AMLD6) require crypto exchanges and wallet providers to implement robust AML and KYC measures. Marketing materials must also adhere to these standards.General Data Protection Regulation (GDPR): Companies must comply with GDPR when handling personal data of EU citizens, including in marketing activities. This includes obtaining explicit consent for data collection and ensuring data protection.United KingdomFinancial Promotions: The Financial Conduct Authority (FCA) regulates financial promotions, including those related to crypto assets. Promotions must be fair, clear, and not misleading.AML and KYC: Similar to the EU, the UK requires compliance with stringent AML and KYC regulations under the Money Laundering, Terrorist Financing, and Transfer of Funds Regulations 2017.Advertising Standards: The Advertising Standards Authority (ASA) oversees advertising practices, ensuring that crypto-related ads do not mislead consumers.JapanFSA Regulations: The Financial Services Agency (FSA) requires crypto exchanges to register and comply with the Payment Services Act and the Financial Instruments and Exchange Act. Marketing materials must be accurate and not deceptive.AML and KYC: Exchanges must implement stringent AML and KYC measures, ensuring transparency in marketing and sales activities.SingaporeMAS Guidelines: The Monetary Authority of Singapore (MAS) provides clear guidelines on marketing and selling digital payment tokens. Businesses must adhere to the Payment Services Act and MAS’s AML and CFT requirements.Advertising Practices: The Advertising Standards Authority of Singapore (ASAS) enforces standards to ensure advertising is not misleading.
Potential Exemptions or Exclusions
Private PlacementsIn many jurisdictions, private placements are exempt from full registration requirements. These involve selling securities to a limited number of sophisticated investors rather than the general public.Regulation D (U.S.): Under Regulation D, offerings to accredited investors may be exempt from SEC registration, though specific disclosure requirements still apply.Utility TokensSome jurisdictions distinguish between security tokens and utility tokens, the latter of which may be excluded from securities regulations if they function solely as access to a platform or service and do not offer investment returns.Small OfferingsRegulation Crowdfunding (U.S.): Allows small-scale offerings to raise limited amounts of capital from a large number of investors with simplified regulatory requirements.Prospectus Exemptions (EU): Small offerings below certain thresholds may be exempt from the requirement to publish a detailed prospectus.
Additional Considerations
International ComplianceCompanies operating across multiple jurisdictions must navigate a patchwork of regulations, ensuring compliance with local laws in each market. This can involve understanding the nuances of each country's legal framework and seeking local legal advice.Consumer ProtectionRegulators focus heavily on protecting consumers from fraud and ensuring transparency in marketing practices. Businesses must be vigilant in providing clear, accurate information and avoiding misleading claims.Technological DevelopmentsThe rapidly evolving nature of blockchain technology means that regulations are continually adapting. Companies must stay informed about regulatory updates and be prepared to adjust their practices accordingly.Regulatory SandboxesSome jurisdictions offer regulatory sandboxes that allow companies to test new products and services in a controlled environment with regulatory oversight. This can provide a pathway for innovative businesses to navigate regulatory challenges while ensuring compliance.
Conclusion
The legal and regulatory landscape for marketing and selling crypto assets is complex and varies significantly across jurisdictions. Businesses must navigate a myriad of regulations, from securities laws and AML requirements to advertising standards. Understanding potential exemptions and exclusions, such as private placements and utility tokens, can provide pathways to compliance. As the regulatory environment continues to evolve, staying informed and adaptable is crucial for success in the dynamic crypto market.
#UnitedStates #unitedkindom #Singapore #japan #swizerland $BTC $ETH $BNB