The Daily LEO #254 Dollar In Trouble? SEC Gensler Have Final Say?
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Is “King Dollar” in danger of losing its crown?
Probably not yet, but the rapid unwinding of last year’s torrid rally in the U.S. dollar, combined with efforts in Beijing and beyond to ease their dependence on the buck, have helped to reinvigorate speculation that the greenback’s dominance over international trade and finance may be moving toward its twilight.
Talk about “de-dollarization” has intensified, and Wall Street analysts have...
Chinese Economy Defies Naysayers
In late 2020 and early 2021, the U.S. was being pummeled by Covid-19, by its scattershot response to the pandemic and by toxic politics. Many observers concluded the nation had entered terminal economic and political decline. But a year later, having suffered through Covid-19 and the associated political shocks, it was growing strongly again and had reasserted itself on the world stage.
Something similar is happening in China now...
Bittrex Sued By SEC For Operating Illegal Exchange Even As It Shutters US Ops
According to the SEC's complaint, Bittrex and its former CEO Bill Shihara knowingly circumvented the registration requirements of the federal securities laws by instructing issuers of crypto assets to delete certain statements from their offering materials that would indicate that they were securities. Bittrex also earned at least $1.3 billion in revenues from transaction fees from investors, including U.S. investors,without registering or complying with U.S. securities laws.
Crypto regulation: Does SEC Chair Gary Gensler have the final say?
In a February interview with New York Magazine, Gary Gensler, chairman of the United States Securities and Exchange Commission, said that just about every crypto transaction, with the exception of Bitcoin spot transactions and buying or selling things with cryptocurrency, falls within the jurisdiction of the SEC.
In the interview, when discussing what types of crypto transactions should be regulated as...
New AI Chatbot Plugs Into Your Crypto Wallet
The AI overlords are coming for your coins.
DeFi lender marginFi on Tuesday debuted an experimental chatbot called Omni. It’s a custom build of OpenAI’s wildly popular ChatGPT with a twist: it can also interact with your wallet.
“The idea is to make crypto easier,” marginFi CEO Edgar Pavlovsky told CoinDesk in an interview. He says Omni can help users perform simple web3 tasks, like spinning up a transaction to deposit and withdraw tokens to and from decentralized finance (DeFi) protocols such as his.
Coinbase CEO meets with UK Economic Secretary to discuss crypto innovation
Coinbase CEO Brian Armstrong tweeted he had a “great meeting” with U.K. Economic Secretary to the Treasury Andrew Griffiths.
The U.K. government seeks to position the country as a crypto hub through legislation encouraging business investment and retail adoption.
However, spurred by talk of a digital pound and several U.K. banks blocking crypto on-ramping, that narrative has been called into question recently.
Armstrong shrugged off those concerns by saying the U.K. is on track to deliver “sensible crypto regulation,” adding that Coinbase is excited to continue supporting the region.
What Is HBD And Building An Economy (Part 2)
his is a follow up to our previous article about HBD and building an economy.
In that we covered some important points:
an economy is fueled by the money that is available
increasing the money supply will increase economic productivity as long as the country has the resources available to do so
currencies other than USD and EUR are basically national currencies, with these making up the majority of reserves and transactions
The Hive Backed Dollar(HBD) is global in nature...
At the end of the day, CBDCs are on the way, there is no way of getting around it. I do however believe that there will be a fair amount of resistance to their integration. It’s likely that there will be an incentive, similar to the way they tried to push vaccinations, once they realized people were somewhat resistant and opposed to the idea. Initial CBDC adopters are likely to see their accounts being credited with a “welcome deposit”.
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This edition of The Daily Leo was published by @bitcoinflood on Leo Finance, read the original article here
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Me: Let me know what's the best way to make $1000 with DeFi.
Omni: Here you go sir.
I am in love with AI.
Posted Using LeoFinance Beta
It's absolutely shameful what the SEC and Gensler are doing to the crypto industry in the US. This was exactly the government overreach and abuse of power I was talking about whenever anyone brought up regulations.
For me, it was never about being anti-regulation. It was always about government overreach and over-regulation.
I feared over-regulation but we didn't even get that. They're just going to take old outdated laws, lump them into crypto enforcement and literally harass and strong-arm the industry with them.
I'm embarrassed for my country right now. Just shameful!
I've pretty much hit the breaking point with my government and sick of it. Time to rally the masses and give them a reminder they work FOR the people
With 100% on that one. Couldn't agree more!
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It is a matter of time before 90% of US crypto exchanges close and go some where else, Coinbase most likely doing it, eventually US will push their CBDC and crypto is an obstacle for them, the next two years crypto market will go up very very fast
https://leofinance.io/threads/@emaxisonline/re-leothreads-2tdvjdydt
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@tipu curate
Upvoted 👌 (Mana: 0/38) Liquid rewards.
Thank you!
all extremely interesting news, there is certainly a plan in place to weaken the dollar, there are many nations that are combining agreements not to use it in trade. China's economy appears to be picking up steam. As for BITTREX, I'm a little sorry because it managed both HIVE and HBD.
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Congratulations!
I upvoted your post due to its excellence and for mentioning Web3. Feel free to follow my curation trail at https://hive.vote/.
https://twitter.com/1456718443789447170/status/1648664783627878402
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I liked the news, especially the integration of cryptos with AI. I am still learning and am interested in both technologies. Being able to learn along the way hand in hand with these tools i think is going to be very positive for many.
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