Commemorating America250 🎇 |
butterscotch is the only media outlet exclusively covering news about inclusion in Web3, DeFi, crypto. CHEWS is our inaugural, weekly newsfeed, providing timely policy updates, industry trends, market research.
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* NEW EPISODE DROPS TOMORROW *
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Fed Chair Kevin Warsh to Chair July 14 |
Federal Reserve Chairman Kevin Warsh will testify on monetary policy during a House Financial Service on July 14, at 10 a.m. ET
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Democratic Senators on Tribes & Prediction Markets
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U.S. Senators Maria Cantwell (WA), Catherine Cortez Masto (NV), Dick Durbin (IL), John Hickenlooper (CO), Ben Ray Luján (NM), Alex Padilla (CA), Jacky Rosen (NV), Adam Schiff (CA), Tina Smith (MN), Elizabeth Warren (MA), Richard Blumenthal (CT), Jeff Merkley (OR), and others sent the letter.
Excerpt: "As leaders of the Financial Services and General Government (FSGG) Appropriations Subcommittee, which exercises jurisdiction over the CFTC, you serve as an important check against abuses of the CFTC’s regulatory authority. Given the significant societal consequences resulting from the CFTC’s interference in state gambling laws, we encourage you to prohibit the CFTC in the Fiscal Year 2027 FSGG Appropriations Act from using its appropriated funds to sue states and Tribes to stop them from enforcing their gambling laws or gaming compacts with respect to online prediction markets."
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What We're Reading & Writing |
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House Republicans’ crypto tax legislation isn’t bipartisan, and getting there may require more concessions than the crypto industry would like the GOP to make. - Punchbowl
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Former Hoyer campaign manager wins primary for his House seat in Maryland. Adrian Boafo’s House campaign has been financially supported by pro-crypto super PAC Protect Progress and the American Israel Public Affairs Committee’s (AIPAC) United Democracy Project. - The Hill
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Budd, Barr eye seats on Senate Banking. The interest from the two lawmakers provides an early preview of how the panel could change in 2027. - POLITICO
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Nearly 100 Catholic leaders oppose Clarity Act over weakened safeguards against illicit finance and trafficking. The Block
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CFTC sues Kentucky over prediction market lawsuits. - The Hill
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Latest Forbes Article by Cleve Mesidor
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Similar to this historic sports season, the crypto policy playbook is heating up with a few Hail-Mary passes and hopes for a legislative comeback: From CLARITY, to BRCA, to CFTC’s missing starting lineup. The piece includes outlook from top crypto industry leaders. [READ]
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butterscotch is a digital news studio broadcasting stories about Black, Latino, Indigenous DeFi retail investors, Web3 consumers, founders, executives, officials. The virtual newsroom - featuring eNews, Podcast, Live Events – seeks to deepen mainstream understanding of diverse segments of the emerging $3 trillion crypto industry.
Cleve Mesidor, CEO & Managing Editor
Ashlynn Mesidor, CTO & Co-Founder
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