US Lawmakers Claims Crypto PACs Stifles ‘Important Voices in Congress’
Representative Summer Lee criticized crypto-backed Super PACs funding media Buys that may have contributed to the loss of two Democratic lawmakers in their primaries. Pennsylvania Representative Summer Lee strongly criticized crypto-backed political action committees (PACs) for financing ads that “demonize” candidates in the 2024 primaries, often unrelated to digital assets. During an Oct. 24 virtual event […]
FTX Creditors Cast Vote on Repayment Method
FTX received court approval to inquire if creditors would prefer to receive their recovered funds in cash, as per the liquidation plan, or in crypto at its current market value. On June 25, United States Bankruptcy Judge John Dorsey approved FTX’s voting plan. The company’s most recent liquidation plan, which was proposed in May, was […]
Vitalik believes token-based decentralized governance is impeding DeFi
Vitalik Buterin says that things must progress beyond coin voting in its current form, proposing alternatives like as “proof-of-humanity” or “proof-of-participation.” Vitalik Buterin , co-founder of Ethereum, has conducted an in-depth examination of token-based decentralised governance, arguing that existing voting procedures are inadequate and may be preventing the DeFi sector from reaching its full potential. […]
The unchanged crypto tax bill will undergo a final vote on Tuesday
The U.S. infrastructure bill has ended without amendment, on Tuesday, the Senate will give a final vote to determine the crypto tax’ fate in the bill. The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation, and will impose broad third-party reporting requirements on any crypto firm deemed to be […]