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Today, December 2, at the New York Stock Exchange, Cleve Mesidor will receive the 2024 Inspiring Fintech Females award from NYC Fintech Women, which celebrates leaders who are transforming the future of finance and championing representation in the industry.

A new report by the U.S. Treasury Department's Office of Financial Research finds that crypto investments enabled working class Americans to buy homes at a higher rate than the rest of the population.

"There is little or no evidence of higher levels of distress in mortgage, auto, or credit card debt among consumers in high-crypto exposure neighborhoods," according to the report. "If anything, delinquency rates remain relatively low." [Read]

Communities of color are the earliest, and continue to be, the largest adopters of cryptocurrencies. Over the last fifteen years, their focus has been on economic opportunity and financial freedom. These pioneers over index in bitcoin and ethereum and have leveraged bull markets to purchase homes, pay student loan debt, help family members out of foreclosure or retire early. 

Trump’s Embrace of Crypto Poised to Increase CFTC’s Power Over Industry. CFTC’s crypto authority may expand dramatically under Trump. Republicans Mersinger, Pham among names floated for chair - Bloomberg

Court overturns US sanctions against cryptocurrency mixer Tornado Cash - Reuters

Crypto goes to Washington. The cryptocurrency industry spent hundreds of millions of dollars to elect a pro-crypto Washington. Now it wants results. One early target: Biden-era SEC rules that limit banks' ability to holding cryptocurrency for their customers. The rule is unpopular with pretty much everyone - banks, startups, Republicans and Democrats. - Axios 

In new bitcoin bull market, it's time to beware of the same old crypto scams. With bitcoin trading solidly over $90,000 this month and closing in on the $100,000 level, cybercriminals will be circling the wagons.

Beware of text and email promotional offers from unknown companies, unauthorized use of well-known figures in solicitations, such as Elon Musk, claims that your account has been compromised, and most of all, any deal that seems to good to be true, including promises of exceptional returns. [Read in CNBC]

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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 $2 trillion crypto industry.

Cleve Mesidor, CEO & Managing Editor

Ashlynn Mesidor, CTO & Co-Founder