Louisiana takes first crypto payment over Bitcoin Lightning
Louisiana is now taking crypto payments for state services, and its Wildlife and Fisheries Department has just taken the government’s first crypto payment. Go to Source
Government
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Former Commerce Secretary Warns US Headed for Recession
Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong GDP and low unemployment, Ross argues that the economy was artificially inflated by the $5 trillion in stimulus. He points to inflation, high consumer prices, … Read more
New Bill Seeks Collaboration Between SEC and CFTC on Digital Assets
A U.S. congressman has introduced the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act (BRIDGE Act), aimed at improving collaboration between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on digital asset regulations. The bill proposes forming a Joint Advisory Committee to unite both agencies and … Read more
North Carolina resists the CBDC tide with new payments ban
A new law in North Carolina seeks to ban CBDCs in the state, but there are questions about whether the new legislation is even legal. Go to Source
Elon Musk Warns US Laws and Regulations Will Worsen Every Year Without Major Reform
Tesla and Spacex CEO Elon Musk has warned that without substantial government reform, laws and regulations will worsen annually, potentially stifling major initiatives. He has reiterated his call for significant U.S. government changes and agreed to help former President Donald Trump lead a new government efficiency commission, an idea he proposed. Musk believes reducing wasteful … Read more
Congressional elections critical for crypto’s future in the US
The industry has amassed a historically large war chest, but little of it will be spent on the presidential clash between Trump and Harris. Go to Source
Nigeria’s SEC to crack down on unregulated crypto exchanges
Nigeria’s SEC will enforce regulations on unregulated crypto businesses, protecting investors while encouraging innovation in the growing market. Go to Source
Elon Musk Agrees to Head Donald Trump’s D.O.G.E. Government Efficiency Commission
Former U.S. President Donald Trump has announced a plan to create a government efficiency commission led by Tesla CEO Elon Musk if re-elected president. This commission would conduct a financial and performance audit of the entire federal government. Musk is pushing the idea of the Department of Government Efficiency (D.O.G.E.), emphasizing concerns about government overspending. … Read more
Elon Musk Can’t Wait to Reform US Government Spending and Regulations
Tesla CEO Elon Musk has expressed his eagerness to tackle excessive waste and regulations in the U.S. government, responding to a report that former President Trump is considering him for a role in auditing federal agencies. Musk emphasized the need to reduce wasteful spending to curb inflation and proposed forming a “government efficiency commission” to … Read more
Vitalik Buterin has radical scheme for the pseudo-decentralization of entire cities
The Ethereum creator’s utopia seems a lot like a decentralized autonomous organization, but with taxes. Go to Source