Game top🥇players today: Cat Golden Mine. Everyone, please play quickly, the game has just been updated with many cool features. Predicting T7 airdrop so I will respond now
Martin Gruenberg, Chairman of the Federal Deposit Insurance Corporation (FDIC), is resigning after an internal investigation revealed a toxic work environment and abuse at the FDIC. Martin Gruenberg is an anti-crypto and likely part of the "choke point 2.0" campaign to restrict banks from providing services to crypto companies.
Elizabeth Warren's anti-crypto army is falling apart.
- We are monitoring data to assess whether monetary policy is tight enough.
- We have not seen much good progress on inflation this year.
- The basic outlook is that inflation will continue to decline at current monetary policy rates.
- I am still cautious in decisions to change interest rates and am ready to increase interest rates if progress on inflation stagnates or increases again.
It can be said that at this time, FED Governor Michelle Bowman is the last hawkish member of the FED.
Kraken may delist USDT in the EU to comply with EU MiCA regulations.
Tether CEO Paolo Ardoino has criticized the European regulation, saying that the company has no intention of complying with MiCA. Specifically, Ardoino mentioned the requirement that 60% of stablecoin reserves must be held as deposits in multiple banks but very few banks in Europe accept this type of business, which has been difficult to obtain. a bank!
OKX also limited USDT functionality in the EU earlier this year.
Coinbase thinks the market 'underestimates' the timing and likelihood of Ethereum Spot ETF approval.
Ethereum Spot ETF will be approved, the question is when. The deadline for Vaneck Ether ETF proposals is next week, May 23.
Coinbase believes that Ether may still have the potential to unexpectedly increase in price in the coming months because Ether does not have major supply pressures such as token unlocking or selling pressure from miners.
🚨 2 crypto-related bills will be voted on in the House of Representatives: 1. Anti-CBDC Supervision Bill 2. Bill Clarity on what is a security/investment contract
🗓️ MONDAY, MAY 20 🇺🇸 - Fed Vice Chairman of Supervision Michael Barr spoke - Fed Governor Christopher Waller delivered a welcome speech - Fed Vice Chairman Philip Jefferson spoke
🗓️ TUESDAY, MAY 21 🇺🇸 - Fed Governor Christopher Waller spoke - Fed Vice Chairman of Supervision Michael Barr spoke - Cleveland Fed President Loretta Mester, Atlanta Fed President Raphael Bostic and Boston Fed President Susan Collins spoke together in a panel discussion
🗓️ WEDNESDAY, MAY 22 🇺🇸 - Minutes of the Fed's May FOMC meeting (We'll see if all Fed officials agree with Fed Chairman Powell on keeping interest rates high longer and not raising rates anymore)
🗓️ THURSDAY, MAY 23 🇺🇸 🚨 Ethereum ETF proposal deadline for Vaneck (SEC must reject or approve) - Atlanta Fed President Raphael Bostic spoke
🗓️ FRIDAY, MAY 24 🇺🇸 - Fed Governor Christopher Waller spoke
Politico newspaper, specializing in politics, wrote:
Senator Elizabeth Warren is facing pressure from her own party in her campaign against crypto.
Dozens of Democrats, including Senate Majority Leader Chuck Schumer, have broken with her in recent days and backed her effort to repeal SEC regulation SAB 121, paving the way for banks to seize crypto.
President Biden has said he will veto the bill to repeal SAB 121, but that was before we saw so many Democrats suddenly supporting crypto. Next week we will see whether he signs this bill or not. Elizabeth Warren is standing on the wrong side of history.
Based on March data from the Treasury Department 🇺🇸, Tether is the 19th largest holder of U.S. bonds among countries, more than Germany 🇩🇪 and second only to South Korea 🇰🇷
However, the situation is changing as China 🇨🇳 has sold US bonds, reducing from 869 billion USD to 767 billion USD in the past year. At the same time, Japan 🇯🇵, the country holding the most public bonds with about 1.2 billion USD, may have to sell to support the Yen.
Stablecoins like Tether and USDC will likely become important bond buyers. The United States will have to support crypto.
There are only a few days left until the end of February, currently BTC is +20.94% this month and if it ends at this level, this will be the 6th consecutive green month. #Write2Earn
KRAKEN FINALLY FIGHTED AND FILED A CLAIM TO DISMISS THE SEC'S LAWSUIT ON THE REASONS:
1- The SEC is using intimidation tactics by suing companies that speak out against their management practices at congressional hearings. 2- The SEC creates a 'dangerous precedent' of overreaching the limits of its power. 3- The SEC has no congressional power to regulate crypto
Detail: 👇
On May 10, 2023, before the House Financial Services Committee and the House Agriculture Committee, Kraken testified about the SEC's overreach in the crypto space and its regulatory approach by implementing enforce outdated SEC regulations. The next day, the SEC called Kraken to say they would sue. This is an act of retaliation.
The SEC alleges that Kraken offered unregistered securities, but the SEC's complaint does not specify which tokens are securities; instead, the SEC asks the court to accept a theory that there could be an investment contract. without a contract, without obligations to the seller, or even without any interaction between the issuer and the buyer.
This theory has no limiting principle. It would give the SEC unlimited power over collectibles, like sports memorabilia, trading cards, watches, even commodities like diamonds. This is an encroachment on the limits of power.
Furthermore, the SEC cannot show an explicit congressional mandate that it can regulate an issue of such ‘economic and political importance’ as crypto. #Write2Earn