LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
Twitter Telegram
LockMeta
Twitter Telegram
Google News
  • Latest News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
News

Crypto companies negotiate in Washington

December 25, 2021
Share Facebook Twitter Telegram WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

Well-known economist Steve Hanke said that crypto companies are spending “hundreds of millions of dollars” in lobbying and negotiating in Washington, DC, trying to reach favorable terms with regulators. Related crypto companies such as Fidelity, Square, and Coinbase have created a new trade association called the “Crypto Innovation Committee” to promote the promise of cryptocurrencies.

Hanke stated that the “large-scale lobbying power” of Washington’s cryptocurrency lobbyists is funded by major centralized cryptocurrency exchanges and blockchain companies that will usher in the disruptive changes promised by Web 3.0. Hanke said that cryptocurrency lobbyists want to disintermediate banks, and they want to eliminate them, so the best way is to make banks regulated in one way and digital banks regulated in another way. Hanke called for immediate supervision of the cryptocurrency industry, and Brian Brooks, CEO of Bitcoin mining company Bitfury, agreed.

Previous ArticleRussia: Set higher electricity bills for crypto miners
Next Article Russia intensifies pressure on Google and Meta

Related News

June 9, 2023

Pakistan Intends To Launch Digital Currency Comparable To Bitcoin

June 9, 2023

British FCA official: After the cryptocurrency promotion rules come into effect, free promotion NFT, cryptocurrency airdrops will be banned

June 8, 2023

PUMA and NBA star LaMelo Ball will release NFT digital sneakers on June 29

June 8, 2023

Report: USD-denominated stablecoins account for 99.3% of all stablecoins

June 8, 2023

Opinion: BTC price could rise 11% in next 30 days, touch $30K

June 8, 2023

G7 and G20 disagree on whether to regulate stablecoins

June 8, 2023

Commonwealth Bank of Australia plans to limit user payments to crypto exchanges

June 8, 2023

1inch Network Joint Innovation: SEC’s enforcement of two centralized exchanges may have a negative impact on the growth of Web3 in the United States

The Latest
Bitcoin News June 9, 2023
Pakistan Intends To Launch Digital Currency Comparable To Bitcoin
NFT News June 9, 2023
British FCA official: After the cryptocurrency promotion rules come into effect, free promotion NFT, cryptocurrency airdrops will be banned
NFT News June 8, 2023
PUMA and NBA star LaMelo Ball will release NFT digital sneakers on June 29
Altcoin News June 8, 2023
Report: USD-denominated stablecoins account for 99.3% of all stablecoins
Bitcoin News June 8, 2023
Opinion: BTC price could rise 11% in next 30 days, touch $30K

LockMeta provides the latest crypto news flash including Bitcoin, Ethereum, Altcoins, NFTs, Metaverse, Business and Policy. Get today's latest crypto news in a minute.

Twitter Telegram
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
  • About Us
  • Contact Us
  • Advertise
  • Terms of Service
  • Privacy Policy
© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.