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EXPLAINED: 2 | Rare Historical Photos

Emboldened crypto industry seeks to cement political influence and mainstream acceptance

The cryptocurrency industry is emboldened, impatient and eager to cement its influence in politics and mainstream financial systems

The Independent UK

Elon Musk, Crypto Leaders Laud 'Unplugging' Of CFPB, Critics Push Back

Elon Musk and some crypto executives celebrated the Trump government's work on shutting down the CFPB, raising questions among other crypto users and X commenters about whether they actually cared about the financial welfare of Americans.

International Business Times

Michael Saylor Uses LeBron James, Michael Jordan Sports Analogy To Explain Bitcoin To Dave Portnoy: 'Satoshi Gave Us A Game We Can All Win'

Barstool Sports founder Dave Portnoy asked MicroStrategy Inc (NASDAQ:MSTR) Chairman Michael Saylor in a recent interview to explain Bitcoin (CRYPTO: BTC) to him in a way th

Benzinga

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Revealed: the tech bosses who poured $394.1m into US election - and how they compared to Elon Musk

FEC filings offer only a glimpse of the money tech is pouring into Washington as it seeks to influence government

The Guardian - US

What Is Operation Choke Point 2.0 And Why Is Crypto Fuming Over It?

Operation Choke Point 2.0 has been ringing across the crypto space for several years now, but more details about the alleged coordinated effort to de-bank crypto firms have emerged as more industry leaders find the courage to share their stories.

International Business Times

'Crypto Has Already Won': Industry Leaders Hail The 'Most Pro-Crypto Congress' In US History

More "pro-crypto" candidates in the 2024 U.S. elections have been elected into Congress, and crypto leaders are celebrating what they deem is a victory for the burgeoning industry.

International Business Times

John Deaton: Rising Warren Rival Gets Community Nod Amid Growing Defiance To 'Anti-Crypto Army'

John Deaton, widely known in the crypto community for his work with $XRP holders, looks to unseat Sen. Elizabeth Warren of Massachusetts in November, and he is starting to get more support from crypto voters.

International Business Times

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Fed Clamps Down On Crypto-Friendly Customers Bank – What About The Democratic 'Reset'?

The Fed has taken an enforcement action on Customers Bank, and crypto's Tyler Winklevoss isn't happy about it, questioning the validity of the supposed "reset" some Democrats are pushing within the party.

International Business Times

Did SEC Withdraw Securities Claim On Solana, Cardano, Polygon?

A new filing by the SEC in its case against Binance has led some in the crypto space to conclude that the regulator has back-pedaled in its claims that some altcoins are unregistered securities, but some experts said the development may have been misinterpreted.

International Business Times

Elon Musk Reportedly Pledges $45M Per Month To Pro-Trump Super PAC

Musk's endorsement of Trump marks a shift from his earlier commitment to remain uninvolved in the 2024 presidential race.

International Business Times

Coinbase launches campaign aimed at Latino voters, promotes crypto as best option for remittances

The initiative is part of the crypto industry's effort to get supportive politicians in power

Latin Times

First Thing: US ‘incredibly concerned’ over Putin’s North Korea weapons pact

Exports of Russian weapons would add to tensions on Korean peninsula, experts say. Plus, Winklevoss twins donate $1m each to Trump

The Guardian - UK

Gemini's Winklevoss Twins Donate $2 Million Worth Of Bitcoin To Trump's Campaign

Tyler and Cameron Winklevoss have donated over 30 Bitcoins to the Trump campaign, and there have been mixed reactions to one of the most high-profile public political donations for the upcoming presidential elections.

International Business Times

Mark Zuckerberg Net Worth: From Social Media Pioneer To Billionaire Tech Titan

The majority of Zuckerberg's wealth comes from his approximately 13% stake in Meta Platforms.

International Business Times

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The Guardian - US

New York attorney general expands crypto lawsuit tied to Winklevoss twins

Letitia James triples size of alleged fraud scheme by Digital Currency Group and other crypto defendants to over $3bn

Fortune

Here are the biggest crypto stories of 2023

In 2023, crypto industry onlookers were shocked by high-profile arrests and Sam Bankman-Fried’s trial but also given hope by a flurry of spot Bitcoin ETF applications and rebounding prices.

Fortune

'Beat the USA to the punch': HSBC Hong Kong now allowing trades of Bitcoin and Ether ETFs

Hong Kong’s banking regulator pressured its biggest banks to accept crypto exchanges as clients earlier this month.

Fortune

Gemini looks to Dubai and Crypto.com nabs Singapore license as U.S. crypto companies continue overseas expansion

Gemini had announced the opening of a derivatives exchange in Singapore in May.

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Fortune

Gemini launches offshore derivatives platform as Winklevoss twins tire of U.S. crypto quagmire

“If lawmakers could come together and build a clear framework for crypto companies, it would be a huge boon for the U.S.,” Tyler Winklevoss told Fortune.

Fortune

Genesis, DCG reach initial deal with main creditors

The creditors who came to terms with the lending arm of Genesis and DCG are owed approximately $2.4 billion out of the total $3.4 billion the company reportedly owes.

Fortune

Genesis considers filing for bankruptcy as it struggles to raise new funds

The company, which is a subsidiary of Barry Silbert’s Digital Currency Group, reportedly owes creditors $3 billion.

Fortune

Gary Gensler throws crypto investors under the bus—again

The SEC Chair continues to favor after-the-fact publicity stunts over constructive crypto regulation.

Fortune

Genesis is on the hook for $3 billion

The Financial Times also reported that Genesis has a portfolio valued at $500 million.

Fortune

The Winklevoss twins are in another mess—and it has to do with crypto

“The idea in your head that you can quietly hide in your ivory tower and that this will all just magically go away, or that this is someone else’s problem, is pure fantasy,” Cameron Winklevoss wrote to former friend Barry Silbert.

Fortune

Catch up on crypto with these 5 stories

Here's a roundup of some excellent crypto and finance writing you likely missed in the last 10 days.

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