Certain Democrats have made the case that the U.S. federal government should follow New York State’s lead when it comes to Bitcoin and crypto regulation. This is a terrible idea. On Friday, Maryland Delegate Adrian Boafo (D) and New York Assemblyman Clyde Vanel (D) sent a joint letter to Democratic Congressional leaders urging them to pass comprehensive […]
The FAIR Act, legislation designed to protect people from civil asset forfeiture, would be a safeguard for Bitcoiners’ coins. A few weeks ago, we briefly touched on how civil asset forfeiture may apply to Bitcoin, a process in which the Government may seize citizen’s assets without accusing a person of a crime. With the US Government […]
I’m starting to understand that many pro-Bitcoin congressmen and congresswomen aren’t even aware of prosecutions against developers, let’s fix that. It has recently come to my attention that multiple U.S. Congressmen who have taken very public pro-Bitcoin stances are not even aware of the currently unfolding prosecution of Samourai Wallet developers Keonne Rodriguez and William Hill. This […]
The U.S. government should ignore proposals requesting that it conceptualize XRP as a strategic asset, as bitcoin is the only strategic asset in the crypto space. A new proposal submitted to the U.S. Securities and Exchange Commission’s (SEC) newly-established Crypto Task Force by a Maximilian Staudinger makes the case for XRP as a “strategic financial asset” for the United […]
An examination of the incentives created by structuring a Bitcoin reserve to hold seized coins with civil asset forfeiture existing. Yesterday, President Trump announced the long awaited Strategic “Bitcoin” Reserve on Truth Social, and many in the space are pissed. First, the Reserve appears to be far from Bitcoin only. “They’re doing DEI for Charles […]
In a vote of 25-5, Texas’ bitcoin reserve legislation has been approved by the Senate. It will now advance to the House. Today, the Texas Senate has passed SB 21, a bill aimed at creating a strategic Bitcoin reserve for the state, by a vote of 25-5. The bill will now advance to the Texas […]
A summary of the current state of the IRS Broker Rule, declaring non-custodial front-ends for smart contracts brokers for reporting requirements. Between the holidays and New Years, the IRS used the last passing days of the Biden administration to finalize its long feared Broker Rule: a regulation requiring all cryptocurrency exchanges – custodial and non-custodial, fiat to crypto […]
Mexican billionaire Ricardo Salinas reveals 70% of his investment portfolio is now allocated to bitcoin, up from just 10% in 2020. Ricardo Salinas, the billionaire owner of Mexican conglomerate Grupo Salinas, revealed in a recent interview that he has allocated 70% of his investment portfolio to bitcoin and bitcoin-related assets. The prominent bitcoin advocate disclosed […]
A republication of a series of posts by Shinobi from January 2020, predicting the course of Bitcoin through the 2020s. Bitcoin Banks (or Binks). It’s happening. Guaranteed. Done deal. In the bag. It’s just a question of when? Germany cleared banks to custody and handle Bitcoin and Bitcoin accounts for customer starting 2020. Who will be […]
A look at the realities of UX friction that widespread micropayments would create, and the potential solutions to that problem. What if every click you made online cost just a fraction of a penny? What if your favorite news site, your go-to streaming service, or even your daily email usage could be paid for at […]