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.
www.butterscotch.media
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Incumbent Rep. Mary Peltola, D-Alaska, and her Republican challenger, Nick Begich, questioned each other over digital money’s role in the economy and the nation’s political climate potentially impacting government funding during Alaska’s News Source-Alaska Public Media “Debate For the State.”
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| US Rep. Peltola Champions Crypto |
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| Candidate for CA-12 Supports Crypto |
INNOVATION: "The Bay Area has long been a global leader in technological advancement, and Lateefah is committed to embracing the new landscape of innovation, which includes cryptocurrency, artificial intelligence, and blockchain." - Campaign Policy Agenda
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Last week, Cleve Mesidor, WilmerHale's Tiffany J. Smith, Pelle Braendgaard joined host Jill Malandrino to discuss the future of digital assets, securities regulation, and enforcement. [Watch Segment]
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There's a new scam going around the Base community. Attackers are asking people to download video conferencing software with malware that compromises their device and wallets. Please be cautious, and stick with known apps like Meets, Zoom, or Teams.
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Three cryptocurrency companies and 15 people have been charged with engaging in widespread fraud and market manipulation following an investigation in which the FBI for the first time directed the creation of a new digital token to help authorities ferret out crime. - Reuters
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FBI San Francisco urges the public to stay vigilant: The FBI’s 2023 Cryptocurrency Fraud Report reveals that California experienced the highest cryptocurrency-related losses in the nation, totaling $1.15 billion. Within the FBI San Francisco Field Office’s territory, losses amounted to $260,313,902, with 1,226 victims across 15 counties, including Alameda, San Francisco, and Santa Clara. Nationally, the FBI’s Internet Crime Complaint Center received more than 69,000 complaints from the public regarding cyber-enabled crime and financial fraud involving the use of cryptocurrency, with over $5.6 billion in reported losses.
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SEC Commissioner Mark Uyeda said the agency’s crypto policies and approach “over the last several years have been just really a disaster for the whole industry.” When asked what the SEC could or should do differently, Uyeda mentioned the “need to lay out some clear guidance and interpretations on what exactly falls within and falls outside of the securities laws.” - The Block
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- Stripe Says Stablecoins Payments Made in More Than 70 Countries After Relaunch. Fintech is allowing crypto after ending the service in 2018. USDC stablecoin acceptance enabled for more than 150 countries - Bloomberg
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- Millennials Favor Crypto ETFs As Top Investment Asset, Schwab Reports Growing Bullish Sentiment Among ETF Investors - Benzinga
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US Senator Bill Hagerty (N), a member of the Senate Banking Committee, last week released a discussion draft of legislation that establishes a clear regulatory framework for the regulation and supervision of stablecoin issuers. - Press Release
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Crypto.com sues US SEC after receiving legal threat from regulator - Reuters
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US Treasury Undersecretary for Domestic Finance Nellie Liang’s call for federal regulation of digital payment companies drew cheers from fintechs but condemnation from state bank regulators. Payment companies are largely subject to state regulation. Industry says state system raises costs, hampers innovation. - Bloomberg
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Crypto disclosure firm Bluprynt releases standards to help token issuers comply with EU rules. Dr. Christopher Brummer, Bluprynt’s CEO, said part of the inspiration for starting Bluprynt was to make it easier to comply with new rules, such as the EU’s Markets in Crypto Assets regulation. Under MiCA, token issuers must make certain disclosures through whitepapers that must be machine-readable. - The Block
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| A Crypto-Powered Network State...WTF! |
Balaji Srinivasan has started the Network School, which is accepting applications on a rolling basis.
Last month, the Network State Conference featured speakers include Naval, Vitalik, Bryan Johnson, Raj Gokal, Brian Armstrong, Pieter Levels, Ranveer Allahbadia, Niall Ferguson, and Ayaan Hirsi Ali.
Wired: A Mysterious School for the Network State Crowd Is Now in Session. Balaji Srinivasan has long touted the crypto-fueled “network state” as the next evolution of society. His three-month Network School will bring those ideals directly to 150 eager students.
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Catch up on all episodes with host Ritzy P
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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
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