ALC54 is This Week. Congress is in Recess. A Gov Shutdown is Looming. 💥 |
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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NYDFS Urges Use of Blockchain Intelligence to Mitigate Risk |
New York Department of Financial Services has Issued a Notice on Use of Blockchain Analytics for New York Banking Organizations.
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Democratic Senators Want A Say on Crypto Market Structure Legislation |
Senators Ruben Gallego (AZ), Mark Warner (VA), Kirsten Gillibrand (NY), Cory Booker (NJ), Catherine Cortez Masto (NV), Ben Ray Luján (NM), John Hickenlooper (CO), Raphael Warnock (GA), Adam Schiff (CA), Andy Kim (NJ), Lisa Blunt Rochester (DE), and Angela Alsobrooks (MD) released the following statement:
“Last week, we released a framework on market structure legislation, highlighting our desire to work on this issue. As we stated then, digital assets are a $4 trillion global market that will require a considered and bipartisan approach to regulation. We hope our Republican colleagues will agree to a bipartisan authorship process, as is the norm for legislation of this scale. Given our shared interest in moving forward quickly on this issue, we hope they will agree to reasonable requests to allow for true collaboration. For this process to work, it must start from a place of mutual understanding. We look forward to engaging with our Republican counterparts in such a manner.”
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Stablecoin Request For Comment |
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Banks Push Back On Crypto |
U.S. banks lobby to block stablecoin interest. Read letter to U.S. Senate.
Banks Urge SEC to Apply Proven Safeguards to Crypto Custody Rules. Read letter to SEC.
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Crypto bill timeline in flux as Democrats press for more input. Senate Banking GOP staff has indicated openness to waiting until the week of Oct. 20 to mark up the market structure bill, according to aides. - POLITICO
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White House Weighs More Candidates for CFTC as Nominee Stalls. - Bloomberg
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Trump statue holding Bitcoin appears in US Capitol. - CNN
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Your Paycheck in Stablecoins? That’s Local Banks’ Worst Nightmare. For the community lenders that fund American homes and businesses, their rise poses a risk. - Bloomberg
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Kevin Durant finally has access restored to his Coinbase bitcoin account, after years of being locked out. - CNBC
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Jimmy Song slams Bitcoin Core devs for 'fiat' mentality on OP_Return. - Cointelegraph
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Where’s Cleve This Week?
🌷 Alpha Kappa Alpha Sorority Public Policy Forum, DC
🏛️ ALC54, DC
⚡️ Coin Center Dinner (NYC detour)
📱 Black Blockchain Summit at Howard University, DC
⚖️ Joint Center Brunch & Exhibit Honoring 55 Years, DC
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THE GET DOWN: BEYOND BITCOIN PODCAST |
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Stream all episodes with host Ritzy P on your favorite platform.
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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 $4 trillion crypto industry.
Cleve Mesidor, CEO & Managing Editor
Ashlynn Mesidor, CTO & Co-Founder
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