Newsletter May 30, 2023
US Debt Ceiling Deal Takes Controversial Cryptocurrency Tax Off The Table

However, the latest Fiscal Responsibility bill still requires the approval of Congress before it could take effect.


White House Aspirant Says SEC Protects Banks, Not Americans; Wants 'Anti-Crypto' People Out Of Agency

Since his announcement to run for President, Kennedy Jr. made it clear that he will champion the cryptocurrency industry.


Bitcoin's Brief Pump Above $28K Leads To Steep Losses Among Short Traders, Triggers $130M Liquidations

Bitcoin's short spike in price caused millions in losses for short traders.

Russia Backpedals On State-Owned Cryptocurrency Exchange, To Focus On Developing Rules For Crypto Trading Platforms

The surprising about-face on the development of the Russian national crypto exchange platform comes at the heels of news claiming that the country's Ministry of Finance internally opposed the plan since doing so would mean a more comprehensive regulation of assets.

Do Kwon Bolsters Defense, Hires Top Law Firm To Represent Him In US Lawsuits

Do Kwon is currently in detention in Montenegro after the High Court revoked his $400,000 bail.

Laos To Focus on Developing Blockchain Tech For Digital Transformation

Laos wants to set itself up to "be a builder and beneficiary of the global digital world order through national digital operations," a MetaBank statement said.

Bybit Receives Preliminary Approval In Kazakhstan To Operate As Crypto Custody Provider

As per the "in-principle" approval, Bybit is required to get permanent authorization to start servicing locals after the completion of the application process.

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