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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Crypto Roundtable July 10 |
Congressman Ro Khanna (CA-17), a member of the Congressional Blockchain Caucus, is planning a blockchain roundtable for July 10 with billionaire Mark Cuban according to reports. Given the focus on a wealthy celebrity, the target audience is unclear. Democrats on the fence about crypto may also want to hear from diverse leaders, instead of simply having them as audience filler.
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The U.S. Treasury Department finalized a rule last week requiring cryptocurrency brokers, including exchanges and payment processors, to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service. The new requirements aim to crack down on crypto users who may be failing to pay their taxes, and stem from the $1 trillion bipartisan 2021 Infrastructure Investment and Jobs Act. At the time the bill was passed, it was estimated that the new rules could bring in close to $28 billion over a decade. (Continue reading in Reuters)
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The state Department of Commerce and Consumer Affairs, along with the Hawaiʻi Technology Development Corporation, is reminding the public to be aware of the risks of investing in cryptocurrency, as its Digital Currency Innovation Lab concludes at the end of the week.
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FBI Alert: Fictitious Law Firms Targeting Cryptocurrency Scam Victims Offering to Recover Funds
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Read FBI Tips
• Be wary of advertisements for cryptocurrency recovery services. Research the advertised company and beware if the company uses vague language, has a minimal online presence, and makes promises regarding an ability to recover funds.
• If an unknown individual contacts you and claims to be able to recover stolen cryptocurrency, do not release any financial or personal identifying information and do not send money.
• Law enforcement does not charge victims a fee for investigating crimes. If someone claims an affiliation with the FBI, contact your local FBI field office to confirm.
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Dr. Christopher J. Brummer’s startup Bluprynt has completed the first ever pilot of a MiCA product in the European Union in coordination with the Bank of Lithuania.
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Lule Demmissie, CEO of eToro US, is a leading expert on 21st Century retail investors.
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| Demmissie touts inclusive finance to commemorate Pride Month.
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Kenyan Youth Embrace Bitcoin Amid Deadly Protests Over Finance Bill - Forbes
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Don't Tell Anyone, but Private Blockchains Handle Over $1.5 trillion of Securities Financing a Month. Permission-based repo ledgers are among the most successful applications of blockchain - CoinDesk
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Last week, U.S. Securities and Exchange Commission sued cryptocurrency firm ConsenSys, alleging it has failed to register as a broker through its MetaMask swaps service - Reuters
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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
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