Fun

News Feed - 2023-08-16 03:08:24

Turner Wright5 hours agoCoinbase political initiative features US lawmaker who admitted to ethics violationsRep. David Schweikert, featured as a lawmaker “very supportive” of crypto in the United States, paid $175,000 as part of a settlement related to violations of House ethics rules.977 Total views25 Total sharesListen to article 0:00NewsJoin us on social networksUnited States-based cryptocurrency exchange Coinbase’s latest push advocating for crypto holders to “speak directly to lawmakers” featured a House of Representatives member who previously acknowledged 11 ethics violations.


As of Aug. 15, more than 54,000 individuals had signed on to Coinbase’s "Stand with Crypto Alliance" in an effort to engage with U.S. lawmakers at the federal level. The initiative allows users to view the “crypto sentiment” of members of the U.S. Senate and House of Representatives.List of elected representatives. Source: standwithcrypto.org


At the time of publication, the initiative’s landing page featured Sen. Elizabeth Warren and Rep. Brad Sherman as “strongly against” crypto policies, and Reps. Josh Gottheimer, Ritchie Torres and David Schweikert as “very supportive.” Warren has often suggested that crypto is linked to illicit activities, such as facilitating the fentanyl trade in China, while Torres called on the U.S. Securities and Exchange Commission (SEC) to limit its enforcement cases concerning crypto firms.


According to the Stand with Crypto information page, Schweikert has backed three pro-crypto bills during his time in office and made four statements referencing digital assets. The alliance included the disclaimer that “Members of Congress may have views you strongly agree or disagree with” but did not explicitly mention any non-crypto policy stances.Earlier this week, bipartisan Blockchain Caucus co-chairs @RepTomEmmer @RepBillFoster @RepDarrenSoto and I, sent a letter to the House of Representatives concerning the Bipartisan Senate Infrastructure Bill being funded by our crypto currency industry. pic.twitter.com/duEHPzD5gu— Rep. David Schweikert (@RepDavid) August 11, 2021


In 2020, the House Ethics Committee fined Schweikert $50,000 for violations of campaign finance that broke House ethics rules. In 2022, the Federal Election Commission fined the Arizona representative $125,000 for related allegations. The violations centered around a failure to report loans and using campaign funds for personal matters. Cointelegraph reached out to Schweikert"s office for comment but did not receive a response at the time of publication.


Related:Crypto adoption crosses party lines amid Washington’s political deadlock


Among the donations the Stand with Crypto Alliance had received at the time of publication included more than $215 from a crypto user with the X (formerly Twitter) handle "Jerry Mander” — a play on words of gerrymander, the process of manipulating district boundaries to favor a certain political party. There was also a $191.98 donation from an unverified account that may belong to Roger Bartlett, Coinbase’s head of institutional operations solutions and Coinbase Treasury.


The political initiative was the latest in Coinbase’s policy of calling for crypto users to “elect pro-crypto candidates” in the United States. The exchange is currently facing a lawsuit from the SEC over allegedly unregistered securities offerings, with many lawmakers and industry advocates calling for the regulator to dismiss the case.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’# Coinbase# Politics# United States# Cryptocurrency Exchange# Voting# Elections# RegulationAdd reactionAdd reactionRelated NewsWho invented NFTs?: A brief history of nonfungible tokensCrypto adoption crosses party lines amid Washington’s political deadlockHow to identity fake cryptocurrency

News Feed

World’s Largest Asset Manager Blackrock Enters Bitcoin Space — Discusses What’s Driving Up BTC Price
World’s Largest Asset Manager Blackrock Enters Bitcoin Space — Discusses What"s Driving Up BTC Price The world’s largest asset manager with almost $9 t
Brazil Based FTX Customers Organizing to File Class-Action Lawsuit
Brazil Based FTX Customers Organizing to File Class-Action Lawsuit A group of customers of the recently collapsed crypto exchange FTX, is organizing to take legal action against th
Elon Musk to ban Apple devices if OpenAI is integrated with OS
Brayden Lindrea7 hours agoElon Musk to ban Apple devices if OpenAI is integrated with OSMusk called it an “unacceptable security violation” and even said the Apple block could extend to visitors to his company’s he
Nigerian City of Lagos Among the World’s Top 20 Crypto Hub Cities — Study
Nigerian City of Lagos Among the World"s Top 20 Crypto Hub Cities — Study According to the findings of a study by Recap, the crypto asset management firm, the Nigerian city of La
Ezra Reguerra9 hours agoDubai’s crypto regulator VARA switches leadership as it ramps up operationsOutgoing head Henson Orser will remain a consultant after Matthew White takes over as the new CEO of Dubai’s Virtual
Data Shows Whales Stay Calm While Bitcoin Climbs—What Are They Waiting For?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Nigerian Authorities Put Mastermind of the Inksnation Crypto Scam on Wanted List
Nigerian Authorities Put Mastermind of the Inksnation Crypto Scam on Wanted List Nigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the p
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange
FTX Warns Community of Phony "Debt Tokens" and Scams Claiming to Be Affiliated With the Bankrupt Exchange On Friday, debtors who control the official FTX Twitter account warned the
Crypto Hedge Fund Galois Capital Shuts Down — ‘We Lost Almost Half Our Assets to FTX Disaster’
Crypto Hedge Fund Galois Capital Shuts Down — "We Lost Almost Half Our Assets to FTX Disaster" Crypto hedge fund Galois Capital is shutting down after losing about half of its as
Uzbekistan to Create National Mining Pool, Launch Licensed Exchange
Uzbekistan to Create National Mining Pool, Launch Licensed Exchange Establishing a “national mining pool” has been declared a priority in Uzbekistan. Miners who join
Ana Paula Pereira7 hours agoRonaldinho fails to testify in crypto scam probe, faces possible arrest in BrazilThe investigation centers around Ronaldinho"s company "18kRonaldinho", which promised clients daily profits of
Bitcoin Halving Approaches: Less Than 400 Days Until Block Reward Subsidy Is Cut in Half
Bitcoin Halving Approaches: Less Than 400 Days Until Block Reward Subsidy Is Cut in Half According to current statistics, the Bitcoin network is fewer than 56,000 blocks away and l