30 September

CFTC Chairman Rostin Behnam said Wednesday that CFTC-led regulation could have significant benefits for the crypto industry, including a potential boost to the price. A clear regulatory framework, Behnam argued, could pave the way for institutional investors to enter the market.

Growth might occur if we have a well-regulated space. Bitcoin might double in price if there’s a CFTC-regulated market.

A bipartisan bill introduced by the leaders of the Senate Agriculture Committee, which oversees the CFTC, would crown the CFTC the primary regulator for the crypto industry, expanding the agency’s authority to oversee crypto spot markets and requiring crypto trading firms to register with the CFTC. Behnam said on Thursday that he supports the bill.”

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“Californians will have the option of a blockchain-based delivery of their vital records after a new law was approved establishing the technology as an integral part of state recordkeeping. The technology would be established in the distribution of birth, death and marriage records, allowing PDFs to be sent immediately rather than using a typical 10-day postal delivery.

This secure and highly convenient process will allow the average person to access their vital records.

Also, this week in the U.S. Senate a bill to set up a governmental task force on digital identity cleared the Senate Homeland Security committee.”

“Warner Music Group—the mega-record label conglomerate that counts Cardi B, Madonna, Dua Lipa and Ed Sheeran among its myriad signed artists—announced on Thursday that it would partner with NFT marketplace OpenSea to accelerate its artists’ expansion into Web3.

The collaboration will grant Warner Music artists early access to new OpenSea products, improved discoverability on the NFT marketplace, and dedicated and featured portions of the OpenSea site for upcoming NFT projects.

Our collaboration with OpenSea helps to facilitate these [fan] communities by unlocking Web3 tools and resources to build opportunities for artists to establish deeper engagement, access, and ownership.”

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“Kazakhstan is ready to legalize a mechanism for converting cryptocurrencies to cash. President Kassym-Jomart Tokayev emphasized that Kazakhstan aims to become an international leader in the field of digital technology, cryptocurrency ecosystem and regulated mining.

We are ready to go further. If this financial instrument shows its further relevance and security, it will certainly receive full legal recognition.

The news comes as thousands of Russians enter Kazakhstan. On Sept. 21, Halyk Bank suspended the use of Russia’s Mir payment cards amid sanctions warnings by the United States Treasury Department.”

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