🏀 Congratulations to the New York Knicks |
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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SEC Comm'r Hester Peirce's Farewell Tour |
=Remarks at U.S. Chamber of Commerce Capital Markets Summit=
Excerpt: "I am sad to be leaving a place that has allowed me to engage in the important work of regulating the finest capital markets in the world alongside fellow Commissioners and a wonderful staff who are committed to doing that task well. Yet I am delighted to be leaving a seat that should not be occupied by the same person for too many years. Ours is a government grounded in timeless principles, not fleeting personalities. The SEC will benefit from energetic new voices with fresh ideas about how to protect our precious and powerful capital markets."
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Jay Clayton is Trump's Pick for Intelligence Director. Clayton is the U.S. attorney in Manhattan and a former chairman of the Securities and Exchange Commission.
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CFTC Seeks Public Comment on Notice of Proposed Rulemaking Concerning Event Contracts Involving Enumerated Activities |
“The CFTC will protect the integrity of our regulated markets without standing in the way of responsible innovation,” said CFTC Chairman Michael S. Selig. “This proposal gives the Commission a durable, transparent framework to identify the contracts Congress directed us to scrutinize while letting legitimate markets move forward.”
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New Legislation Modernizes Tax Rules for Digital Assets |
Ahead of last week's hearing on digital asset taxation, Ways and Means Committee Members unveiled legislation to create a landmark framework for digital asset taxation rules and ensure the United States remains the digital asset capital of the world.
U.S. Rep. Steven Horsford Amendment: Addresses issues regarding mining and staking rewards and digital asset donations to charitable deductions.
- Limits deferral on mining and staking election to five years.
- Limits charitable deductions for donations of digital assets that are not widely traded to the amount that the charity receives when selling the digital asset.
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THE GET DOWN: BEYOND BITCOIN PODCAST |
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Stream all episodes on your favorite platform.
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What We're Reading & Writing |
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Former SEC Chair Gensler rejects CFTC claim of authority over prediction market sports betting. - The Block
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CFTC sues New Mexico in latest bid to assert authority over sports betting markets. Over the past few months, the CFTC has sued several states to assert its jurisdiction over sports betting, including Wisconsin, Illinois, Arizona, Connecticut and New York. – The Block
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- Federal Commission of 1: A top Wall Street regulator gains new sway over crypto, prediction markets under Trump. Commodity Futures Trading Commission Chair Michael Selig’s influence over Wall Street is on the rise under President Donald Trump. Not everyone is on board. - POLITICO
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House crypto tax hearing reveals divide over urgency in advancing legislation. The House Ways and Means Committee, a key tax-writing panel, debated how to tax digital assets on Tuesday following the release of seven Republican-led bills. During the hearing, there seemed to be a consensus among some Democrats not to rush the process. - The Block
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How the PARITY Act would affect digital asset tax reporting requirements. What the proposed legislation means for taxpayers, advisors, and IRS enforcement going forward. - Thomson Reuters
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Pennsylvania families can now use crypto to save for college. State becomes the first in the nation to offer the option through state-administered education and disability savings programs. - Pittsburgh Post Gazette
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Trump family got about $500M from crypto venture — but investors saw steep losses. - CNBC
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The Algorithmic Racial Proxy: To comply with the colorblind impulses of American antidiscrimination law, computer programmers tend to exclude race as a data input when constructing a machine learning algorithm. Yet scholars and advocates consistently argue that even these formally race-blind algorithms can racially discriminate by relying on so-called “proxies for race,” or variables that have a strong correlation with race, such as zip code, income, or prior criminal arrest. - California Law Review
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Cleve Mesidor's latest Forbes article focuses on how innovation is powering sports access. She highlights the FIFA World Cup's partnership with crypto exchange Kraken. She also spotlights H3R Story Foundation's recent event in Atlanta, a World Cup city, to promote how digital access can ignite opportunity for women and girls in sports. [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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