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US lawmakers meet with crypto advocates in DC roundtable

A recent roundtable discussion involving U.S. lawmakers, a top adviser to President Biden, and leaders from the cryptocurrency industry focused on regulatory challenges and opportunities within the digital asset space. The meeting underscored efforts to address regulatory concerns while fostering innovation in the burgeoning cryptocurrency sector.

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A recent roundtable discussion involving U.S. lawmakers, a top adviser to President Biden, and leaders from the cryptocurrency industry focused on regulatory challenges and opportunities within the digital asset space. The meeting underscored efforts to address regulatory concerns while fostering innovation in the burgeoning cryptocurrency sector.

According to reports, the gathering included influential figures such as Representative Tom Emmer and Senator Cynthia Lummis, prominent advocates for cryptocurrency policy reform. Also in attendance was Brian Deese, a key economic advisor to President Biden, reflecting the administration’s growing interest in shaping policies that support the growth and stability of digital assets.

The roundtable discussion highlighted various perspectives on regulatory frameworks, with participants emphasizing the importance of balanced regulation to promote innovation while safeguarding investors and consumers. Topics of discussion ranged from clarifying tax implications to ensuring compliance with existing financial laws and addressing concerns over market manipulation and illicit activities.

Industry leaders from prominent cryptocurrency firms contributed insights on technological advancements and the potential benefits of blockchain technology beyond financial transactions. They advocated for regulatory clarity as essential for fostering trust and encouraging responsible innovation within the digital asset ecosystem.

The dialogue comes amid heightened regulatory scrutiny globally and increasing interest from governments in harnessing the potential of cryptocurrencies for economic growth and financial inclusion. Stakeholders in the roundtable expressed optimism about collaborative efforts between policymakers, industry leaders, and regulators to develop informed and effective regulatory frameworks.

As discussions continue, stakeholders are closely monitoring developments that could shape the future regulatory landscape for cryptocurrencies in the United States and beyond. The outcome of these deliberations could have significant implications for the industry’s trajectory and its role in the broader financial system.

Overall, the roundtable reflected a proactive approach to addressing the complexities of cryptocurrency regulation, aiming to strike a balance that supports innovation while mitigating risks associated with digital assets. Participants expressed a commitment to continued engagement and collaboration in shaping policies that foster a thriving and sustainable digital economy.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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