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YOU WONT BELIEVE: 14 - You Need To See This

A young crypto billionaire's political agenda goes well beyond pandemic preparedness

In May, an eccentric 30-year-old cryptocurrency billionaire named Sam Bankman-Fried made a startling proclamation. In a podcast interview, Bankman-Fried said he would spend as much as $1 billion of his estimated $12.8-billion fortune on American politics by the 2024 election, joining the ranks of megadonors such as George Soros and…

Los Angeles Times

Crypto sector lobbying expenditures up a third in second quarter

WASHINGTON — Spending by the cryptocurrency lobby hit a record high last quarter, as members of Congress from both parties and chambers proved willing to engage with the industry’s top priorities.

Tribune News Service

Crypto sector lobbying expenditures up a third in second quarter - Roll Call

The cryptocurrency industry set a new spending record on lobbying in the latest quarter as it becomes a bigger issue in Washington.

Roll Call

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New crypto oversight legislation arrives as industry craters

A bipartisan group of senators has proposed a bill to regulate cryptocurrencies

The Independent UK

US Watchdog Charges South African Bitcoin Club With $1.7B Fraud

The U.S.

Benzinga

How Wall Street is driving inflation

Deregulated Wall Street traders are driving price spikes on gas and food — but Biden could shut them down easily

Salon

There's a new plan to regulate cryptocurrencies. Here's what you need to know

Two senators have unveiled a new bill with bipartisan support. But skeptics are already warning it's a step backwards and is far too crypto-friendly.

WEKU

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Crypto legislation comes into focus

The one thing that crypto companies and skeptics can agree on is that more regulation is needed, especially in the U.S.

Axios

Bipartisan crypto bill outlines regulatory, tax framework - Roll Call

New legislation would treat cryptocurrency as a commodity and give the Commodity Futures Trading Commission regulatory authority.

Roll Call

Winklevoss Twins' Crypto Exchange Gets Sued By CFTC Over Bitcoin Futures Product

The U.S. Commodity Futures Trading Commission (CFTC) is suing cryptocurrency exchange Gemini, owned by Cameron and Tyler Winklevoss, for “making false or misleading statements” to the regulator in 2017.

Benzinga

Kraft, Mondelez agree to $16 million penalty over wheat trading

The long-running case involves charges that the companies sought to manipulate prices in 2011.

Chicago Sun-Times

Why are gas prices so high? These obscure traders are partly to blame

‘Nobody with power is looking at what they’re doing,’ but they’re helping to drive searing gas prices despite increased oil production

The Guardian - US

Congress members tiptoeing into crypto raise conflict concerns

As efforts to regulate the rapidly-growing cryptocurrency market increase, some observers are raising concern about the rising number of U.S. lawmakers beginning to dabble in digital assets.

Tribune News Service

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