= Midterm Elections Are 30 Days Away = |
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 Update to Crypto Custody |
SEC has proposed new rules and amendments to provide a tailored framework for the custody of crypto assets for registered investment advisers and regulated funds, i.e. registered investment companies and business development companies.
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SEC Seeks Public Comment on Accredited Investor Rule |
SEC had proposed amendments to expand responsible retailization of private markets. The commission seeks public comment on additional ways to qualify as an accredited investor.
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SEC Commissioner Hester Peirce Has Retired
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Just three Republican Commissioners now oversee the SEC and CFTC. This was a major sticking point for bipartisan negotiations of the crypto Clarity Act. Read in Forbes.
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What We're Reading & Writing |
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A cryptocurrency super PAC funded primarily by Trump-aligned billionaires Tyler and Cameron Winklevoss is pouring almost $3 million into the Ohio Senate race to help block Sherrod Brown from returning to Washington. - POLITICO
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Trump loses favor with crypto fans who call him out for cashing in. The president’s 2024 campaign leaned into crypto to attract young men, a demographic that is deserting Republicans in the midterms. – Wash Post
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Community Banks Swing Back at Trump Regulators Over Crypto Charters. A lawsuit accuses regulators of giving risky crypto companies access to the banking system without the same oversight as banks. - WSJ
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Coinbase Faces Hack Cover-Up Allegations as Customers Claim Huge Losses. A trader’s $1.2 million complaint, a public reply from Coinbase’s Cobie and the BlockTower founder’s unproven claims have put Coinbase’s support under scrutiny; the exchange denies hiding a series of hacks. - UnChained
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- Illinois Agrees to Postpone Crypto Tax Start Date to July 2027. - Bloomberg
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Sen. Steve Daines (R-Mont.) formally introduced his bill to tax digital currencies, which, unlike a bipartisan House measure, has only GOP support for now. - POLITICO
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Crypto's Layoff List Grows as Anchorage Digital Reportedly Trims 17% of Its Workforce. - Be In Crypto
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Who Will Shape The Next Crypto Clarity Act?. - Forbes
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Rare out-of-session hearing draws top Banking Democrat’s ire. Warren says recess meeting deprives members of the chance to question nominees. - Roll Call
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Rep. Sean Casten, D-Ill., has quietly asked Democrats in recent weeks to support him in a potential bid for the top position on the House Financial Services Committee. - Semafor
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Trump gives spy chief new title: AI czar. Jay Clayton, the former SEC chair and current director of national intelligence, will be one of Trump's leaders on AI. - POLITICO
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THE GET DOWN: BEYOND BITCOIN PODCAST |
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Stream all episodes from seasons one and two 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 $3 trillion crypto industry.
Cleve Mesidor, CEO & Managing Editor
Ashlynn Mesidor, CTO & Co-Founder
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