Noting that nearly one in six Americans now own digital assets, Treasury Secretary Scott Bessent on Thursday pushed the Senate to pass the crypto-regulating Clarity Act as soon as possible. In a Wall Street Journal Op-Ed, Bessent argued that with Senate floor time getting scarcer by the day, “now is the time to act.” Congress will soon be sidetracked by the midterm elections, and the Trump Administration wants the Clarity Act passed before a potential change of control in the House and Senate, where the GOP is expected to lose a significant number of seats.. Republicans have warned the crypto industry that it will get a better deal from a…
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The Modern Consensus 100 Most Influential People in Crypto 2021
The individuals moving, shaking, and shaping cryptocurrencies and blockchain technology right now
Coming up with a list of the 100 most influential people in crypto and blockchain is hard in any year. But doing it in 2021 is particularly difficult as the industry advanced from moving into the mainstream to actually being in it. And that makes “influence” a moving target.
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Ripple Execs to SEC: Stay out of our bank accounts
Brad Garlinghouse and Chris Larsen accuse the Securities and Exchange Commission of seeking a ‘fishing expedition’ through their personal finances
“The SEC’s multi-front attempt to troll through the Individual Defendant’s personal financial information in a non-fraud litigation, where the Defendants have already agreed to produce the relevant information regarding the challenged transactions, is a wholly inappropriate overreach,” the pair’s lawyers said in March 11 filing.
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Ripple CEO settles YouTube giveaway scam lawsuit
Brad Garlinghouse sued the streaming video platform last year after it refused to act or dragged its feet in taking down channels that used his company, name, and likeness to steal XRP
In a March 9 Twitter thread, Garlinghouse said that while the terms of the agreement were confidential, “we’ve now come to a resolution to work together to prevent, detect and take down these scams.” The lawsuit was filed on April 21 last year, after Garlinghouse complained that fraudsters on the streaming video platform had stolen hundreds of thousands of dollars from XRP supporters using his name and likeness.
