Covering 2024 Presidential Election
This is an article from CoinDesk discussing how the 2024 election season has already begun, with Florida Governor Ron DeSantis announcing his candidacy and crypto potentially becoming an issue during the campaign. The article also mentions upcoming elections in other countries where crypto may also become an issue. CoinDesk intends to cover the 2024 election season more comprehensively than they did in 2022, including federal and state elections. The article asks readers which issues they see as most important, such as crypto legislation, privacy, individual liberties, and digital freedoms. The article also mentions recent news, including criminal charges against Sam Bankman-Fried, a black market for Worldcoin credentials in China, and a retrospective on the Libra/Diem project for CoinDesk’s 10th anniversary.
This week
Monday
- This week there was a federal holiday in the U.S., a bank holiday in most of Europe and the U.K. and as far as anyone knows, there wasn’t a lot of news.
Thursday
- Ex-House Rep blames outsiders for linking crypto to bank’s collapse
- EU signs new rules for crypto licensing and money laundering
- Hong Kong and UAE central banks collaborate on crypto regulations
- The U.K.’s Financial Conduct Authority is holding its annual Investigations and Enforcement Summit, which will include a number of discussions on crypto risks and scams.
Elsewhere:
- (The New York Times) An attorney hired ChatGPT to write a legal brief. ChatGPT made up a bunch of precedents and then told the lawyer who filed the brief – and did not verify any of those precedents – that it hadn’t done so. The lawyer is now facing possible sanctions.
- (Federal Reserve) The Federal Reserve reported that the use of relatively new financial services like cryptocurrency for transactions and Buy Now, Pay Later (BNPL) remained low compared with traditional payment and credit methods. The report also stated that fewer adults overall used crypto in 2022 than 2021, with Black, Hispanic and lower-income adults being the exception.
- (NBC) The White House and House Majority Leader Kevin McCarthy (R-Calif.) have struck a deal on the debt ceiling. During negotiations, the White House made its proposed crypto wash trading rule a talking point, but the deal does not address the issue. There has also been some confusion between this and a proposed mining tax – but that seems to be a separate issue not tied to the debt ceiling debate.
If you have any thoughts or questions on what I should discuss next week or any other feedback you’d like to share, feel free to email me at [email protected] or find me on Twitter @nikhileshde.
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See ya’ll next week!
