“Positive frictions” placed by regulators on British Bitcoin users have caused widespread backlash. Government’s overall vision supports friendlier legislation.
In the aftermath of the recent Bitcoin ETF approvals, BlackRock's Larry Fink revealed that soon everything will be "ETF'd" and tokenized, threatening to fractionalize not just existing assets and commodities, but the natural world, reducing most living things into Wall Street financial products to be traded on a single, universal ledger.
Last year FinCEN drafted a rule proposal for mixing services that was so broad, insane doesn't quite cover the degree of overstepping it was. Samourai Wallet has drafted a response to their proposal.
Bitcoin was designed to be a system without middlemen, but unless we stop pretending it is perfect as is and work to improve it, middlemen will be the only way to interact with it for most people.
The SEC has approved the spot Bitcoin ETFs, what happens now? What can we learn from the SEC’s failures here? Plus, a huge election this weekend in Taiwan threatens to shake up the global economy.
Coinbase is listed as the custodian of reserves for 9 out of the 12 pending Spot Bitcoin ETF applications. This presents a massive risk of security issues due to over exposure to a single custodian.