HunterCoin(HUC)

The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn't been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa) are demanding more.

The U.S. congressional effort to establish regulations for stablecoins has become an increasing longshot for passage this year, but the lawmakers who've pushed legislation the farthest reportedly had a meeting with Senate Majority Leader Chuck Schumer about it, Punchbowl News reported.

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler continued his combative stance against crypto "hucksters" in congressional testimony on Wednesday, declining to answer the industry's most urgent questions while arguing that digital assets companies have been dangerously careless with customer assets.

The launch comes ahead of a series of AI forums to be hosted by U.S. Senate majority leader Chuck Schumer.

SEC Chairman Gary Gensler, probably crypto’s harshest critic, has again vocalized his opinions, labelling the industry as “rife with fraud” and non-compliance. In a recent interview with Bloomberg, Gary Gensler, the infamous Chairman of the US SEC, offered his critical views of the crypto industry. Gensler Disappointed by Ripple Ruling In a recent interview on Bloomberg Daybreak Podcast, SEC Chairman Gary Gensler, declared the crypto sector as “a field rife with fraud, rife with hucksters” and hinted the possibility of a Bitcoin ETF in an industry with such supposed “poor compliance” is unlikely. Gensler’s response to Bitcoin ETFs seemed somewhat confusing and did not substantively address the issue. Instead, the Chairman answered in a defamatory note: “This is a field that, there’s a lot of non-compliance in this field, and, uh, that the platforms themselves, where trading is occurring of various crypto tokens, though some of it comes under the securities laws, currently they’re not necessarily compliant with those time-tested protections against fraud and manipulation.” The head of the SEC further stated the industry needs “more cops on the beat” to bring violators to justice. During the podcast, Gensler seemed unwilling to respond when prompted about Ripple’s recent partial victory over the SEC. Unsurprisingly, Gensler said he was “disappointed” in Judge Torres’ ruling. When asked to elaborate on his disappointment and the possibility of an appeal by the agency, chairman Gensler gave a vague and mysterious answer. He told the host: “The Commission has not acted on that, and if the staff makes a recommendation, we’ll have a discussion of it and we’ll take it up then. But I don’t really have anything more for you, for that.” Gensler also commented on consumer protection from the agency in this “highly speculative” industry: “Even though the securities laws apply to many of those tokens, without prejudging any one. But you as investors are not getting the full, fair, and truthful disclosure. And the platforms, the intermediaries, are doing things that we would never, in a day, allow or think the New York Stock Exchange or Nasdaq would do. The platforms, often, are commingling or trading against you and have market makers, often, that are on the other side of the trades.” Ripple CEO Blames SEC for Regulatory “Mess” Ripple’s CEO, Brad Garlinghouse, recently shared his views regarding the current regulatory “mess” whilst defending Judge Torres’s decision. Garlinghouse expressed his dismay with the SEC by saying: “An important topic has come up about protecting retail. The SEC created this mess by proclaiming it was the cop on the crypto beat when it had no legal jurisdiction Where’s that gotten us? Consumers left holding the bag in bankruptcy court while the SEC holds press conferences.” He continued by saying: “It’s absurd to blame a Judge for faithfully applying the law. We all know legislation – not more regulation by enforcement – is the only way forward to provide clear rules and protect retail.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The U.S. majority senate leader plans to call for urgent bipartisan action from Congress to create “comprehensive legislation” for upcoming AI systems.

According to Tim Draper, billionaire venture capitalist, and exponent of cryptocurrencies, the SEC Chair Gary Gensler is stifling the crypto sector leading to a potential long-term detrimental effect on technology in the US. Gensler said the following at a recent Fintech conference, leaving no doubt on his views on crypto: “hucksters, fraudsters, scam artists, Ponzi schemes. The public left in line at the bankruptcy court”. Tim Draper remarked in reply to the above in a Fox Business interview: “Weak regulators spread fear, and strong regulators spread opportunity.” Draper said that the problem was that the SEC was spreading fear, and that the innovative projects in crypto were leaving the country. He said that the SEC’s regulation by enforcement was causing a tech flight out of the country, and that it was far better that all the innovation that crypto projects were providing should stay in the United States. The entrepreneur remarked that the tech was fleeing abroad to Dubai, Singapore, Northern Europe, South America and other jurisdictions across the world. His view is that one of the main reasons for the flight is the impact that the Howey test has on classifying cryptocurrencies as securities. He believes that this test is too old to have relevance in the crypto industry, and that it needs to be regulated “in a new way”. Draper accused the US regulatory agencies of spreading fear on new technologies such as crypto and AI, saying: “What’s America going to look like in 40 years? It’s going to be a total wasteland. There’s going to be no technology. Look, crypto is coming. AI is coming. What is this spreading fear about these new technologies? They’re great for us.” On both crypto and AI Draper stated that crypto is disrupting banking, insurance, real estate, government, and much more. He suggests that AI will transform how people are educated, and will carry out all the mundane tasks. He says that all this cannot be regulated out of the country so that the US loses all this innovation. At the end of the interview, Draper made the following comment which spells out his opposition to heavy-handed regulation: “If you have a command and control government that tells everybody what to do, that shrinks the growth rate to almost zero.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Renton, United States, May 25th, 2023, ChainwireStably, a leading Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp infrastructure provider for Web3 projects, is aiming to revolutionize the nascent Bitcoin ordinals market by launching its US Dollar (USD)-backed stablecoin, Stably USD, as a natively-issued BRC20 token under the symbol #USD. This groundbreaking development marks a critical milestone in the exponentially growing Bitcoin ordinals ecosystem that is now reaching half a billion dollars in total market capitalization in less than six months.#USD is a BRC20 standard stablecoin created via the Bitcoin ordinals protocol which was introduced in January 2023 after the recent Taproot upgrade. BRC20 tokens use a technique called ordinal inscriptions to attach data to individual "satoshis," the smallest unit of a Bitcoin. These satoshis can then represent anything from digital art ownership to “meme coins” and even stablecoins.According to Stably, every #USD token is backed 1-to-1 with USD in a collateral account managed by a US-regulated custodian for the benefit of KYC/AML-verified token holders. Monthly reports for the account are also conducted by a third-party stablecoin attestor to ensure #USD tokens are always fully collateralized with USD."When I met Domo, the creator of the BRC20 standard, at the Bitcoin 2023 conference in Miami, I told him about our upcoming plans for #USD," said Kory Hoang, Stably’s CEO and Co-Founder. “He thought it was great and funny how we are creating a stablecoin on Bitcoin to enable Bitcoin trading on-chain… With a stablecoin built on Bitcoin. I’m still chuckling about it to this day, actually. In just one week after that, however, we made it happen!” The integration of BRC20 #USD into the Bitcoin network is part of Stably’s mission to power the next billion Web3 users with a seamless fiat-to-crypto and stablecoin onramp to all popular and emerging blockchain networks. The company’s upcoming collaborations with prominent ordinals and BRC20 projects, including UniSat–the world’s largest decentralized wallet/marketplace for ordinals–and Ordzaar–Asia’s first decentralized ordinals marketplace project, reflect Stably's aspiration to drive global innovation and adoption toward decentralized finance on the Bitcoin network, or “BitFi.” Additionally, Stably’s engineers are now exploring the new ORC20 standard for Bitcoin ordinals, which could significantly enhance the token properties of #USD once implemented.#USD can be issued/redeemed with Fedwire, SWIFT, USDC, and USDT by KYC-verified users across 200+ countries/regions currently, including up to 44 US states. Stably states that it is employing a manual process of issuance/redemption for #USD’s initial launch but plans to release support for automatic issuance/redemption through Stably Ramp, the company's plug-and-play fiat gateway widget, during Q3 2023. By then, users of #USD will be able to on/off-ramp via more traditional payment methods like ACH, instant ACH, and credit/debit cards, in addition to bank wires.Founded in 2018, the 20+ team member Seattle FinTech is backed by leading institutional and angel investors in the crypto space, such as Morgan Creek Capital, BEENEXT, 500 Startups, Hard Yaka, CREAM Labs, Sunny Lu of VeChain, and Paul Stahura of Donuts, Inc. The company has raised over $7.5-million in total funding to-date, $5-million of which was collected during its last Pre-Series A round in December 2021. Stably has also expanded its fiat on/off-ramp and stablecoin natively to more than ten emerging networks, including Arbitrum, XRP Ledger, Stellar, Tezos, VeChainThor, Harmony, Polymesh, Coreum, ICON, and Chia Network.About StablyStably is a Web3 payment infrastructure provider and FinCEN-registered MSB from Seattle. The company specializes in providing stablecoins and fiat crypto on and off-ramps to users of Web3 applications. Stably’s mission is to power this decade’s next billion Web3 users with regulatory-compliant payment infrastructure across both developed and emerging blockchain ecosystems.Visit stably.io to learn more.Risk Disclaimer: Digital assets involve significant risks, including (but not limited to) market volatility, cybercrime, regulatory changes, and technological challenges. Past performance is not indicative of future results. Digital assets are not insured by any government agency and holding digital assets could result in loss of value and even principal. Bridged or wrapped digital assets (e.g. WBTC) involve additional risks, such as technical challenges, higher fees, security vulnerabilities, and reliance on third-party custodians. Please conduct your own thorough research and understand potential risks before purchasing/holding digital assets. Nothing herein shall be considered legal or financial advice. For more information about the risks and considerations when using our services, please visit: stably.io/terms-of-service.ContactStably Head of MarketingMatthew [email protected]

Popular entrepreneur and VeeFriends creator, Gary Vaynerchuck, shared his thoughts on NFT tickets, VeeCon 2024, cryptocurrency and blockchain adoption at VeeCon 2023.

Predominantly popular terms such as guns, Chuck Norris, health insurance and politics did not even make it to the top 10 in the list.