Crypto Flo
Posts
Warren Creating AntiCrypto Army | Congress Restrict Act Kills Web3

Warren Creating AntiCrypto Army | Congress Restrict Act Kills Web3

Warren Is Doubling Down On Her Anti Crypto Stance While Congresses Restrict Act Would Give Warren All The Control She Desires

Forwarded from a friend? Subscribe below.

Warren Double Down: "Im Building An Anti-Crypto Army"

The bill is particularly harsh on decentralized finance (DeFi), including noncustodial ones, requiring platforms to record the personal information of users and submit it to the government without a warrant or probable cause. It’s a bit like blaming the city because you were mugged on the sidewalk. The bill also lumps together all miners, including those mining for themselves as opposed to processing transactions for others, as money service businesses. It also ignores the fact that miners can provide other services unrelated to transactions.

Most absurdly, companies that develop the software would be required to register as money service providers, adopt Anti-Money Laundering policies and report customers to the Financial Crimes Enforcement Network. By this logic, electronics stores like Best Buy and Micro Center should register as money service providers because the cell phones they sell could be used to commit fraud.

Restrict Act Targets Bitcoin & Web3

"One particular provision in Warner’s RESTRICT Act has caused many people to believe that Americans could be jailed for using a virtual private network (VPN). The bill notes that there are strict penalties, including a 20-year sentence, for using “communications technology products and services” with applications or web portals associated with “foreign adversaries.” While some have said that the RESTRICT Act could ban Tiktok and target Americans for using a VPN with websites tied to foreign adversaries, others have gone as far as to say that the bill could be used to ban bitcoin."

ICP Announces Annual Conference To Be Held In Miami, May 16 & 17

Florida will host the 1st annual ICP Community Conference at the iconic Hard Rock Hotel & Casino, where top web3 founders, investors, & influencers (including Blockchain Boy & Joshua Jake) will get together to explore the latest ICP innovations. Whatever blockchain you’re involved with, ICP can decentralize key components of your the dapp tech stack and there’s never been a better opportunity to build connections with top ICP builders!

“We are super excited for ICP to further establish its Florida footprint,” say Samuel Armes, Founder of the FBBA. “By holding their conference here in Miami, they are planting a flag in the most pro-web3 State in the United States. We are looking forward to the community coming to Florida and continuing to advance their protocol and community.”

You can follow the event on Twitter to stay in the loop, and use code “FBBA” to get tickets for just $149 (a $226 discount)!

Featured Podcast/Youtube

In this episode of "Around The Table," JoshuaJake and Samuel Armes are joined by Anessa Allen Santos, J.D., a U.S. attorney and fintech regulatory sherpa, to discuss a range of topics related to cryptocurrency and government regulation. They cover various issues, including the potential risks of CBDCs, the power of states to regulate crypto, the need for a digital and physical representation of currencies, and the issue of money laundering. Additionally, they delve into the actions of regulatory bodies such as the SEC and CFTC, the potential for lawsuits against the government, and the concept of decentralization in banking. They also explore the downsides of CBDCs and what the future of the industry might look like and touch on topics such as Web3, spirituality, and AI in the military. Tune in for an engaging and thought-provoking discussion on cryptocurrency's current state and future.

Analytical Data

More deep recession territory for today's ISM. New Orders back under 45. Backlogs falling fast. There is going to be little for workers to do and if firms give up hope for a 2d half rebound then the mass layoffs aren't far behind.

If you're thinking OPEC's production cuts are going to reignite "inflation", markets still absolutely sure it won't. The inversions are back to extremes where they'd been in January. If anything, a short run increase in WTI will only hasten the Fed pivot.

OPEC sure isn't buying the China reopening story. If there was anything to there'd be no need to cut more supply. If demand was going to surge in the second half like "everyone" says, just let oil prices do their thing. OPEC knows demand is trouble.

In The Know

U.S. Diplomat to Washington: You’re Becoming Obsolete in One Big Area of Tech Policy

The digital world is changing before our eyes, and it’s not registering in Washington.

https://www.politico.com/news/magazine/2023/04/03/the-us-is-already-losing-to-china-00089999

Saudi Arabia's Crown Prince is No Longer Interested in "Pleasing" the U.S.

The 'international relations' landscape seems to be pretty heated at the moment. On one hand, Saudi Arabia...

https://watcher.guru/news/saudi-arabias-crown-prince-is-no-longer-interested-in-pleasing-the-u-s

First Mover Americas: Dogecoin Pops on New Twitter Logo

The latest price moves in crypto markets in context for April 4, 2023.

https://www.coindesk.com/markets/2023/04/04/first-mover-americas-dogecoin-pops-on-new-twitter-logo/

Sen. Warren’s ‘Anti-Crypto Army’ Is Just the Beginning of Crypto’s Politicization

As the 2024 U.S. election cycle approaches don’t be surprised to hear politicians discussing bitcoin, crypto and CBDCs.

https://www.coindesk.com/consensus-magazine/2023/04/03/sen-warrens-anti-crypto-army-is-just-the-beginning-of-cryptos-politicization/

Arbitrum’s first governance proposal sparks controversy with $1B at stake

A proposal to fund the Arbitrum Foundation with 750 million ARB tokens — nearly $1 billion — raised controversy in the ARB community.

https://cointelegraph.com/news/arbitrum-s-first-governance-proposal-sparks-controversy-with-1b-at-stake

Bitcoin price bounces after CZ arrest rumors as traders eye $30K next

Bitcoin traders now target $30,000 again after BTC price delivers a “classic sweep” of local lows.

https://cointelegraph.com/news/bitcoin-price-bounces-after-cz-arrest-rumors-as-traders-eye-30k-next

Events

Click here for events & meetups in April 2023

use code “FBBA” to get tickets for just $149 (a $226 discount)!

Crypto News Heard Around the State

Orlando News

Crypto Lesson: No Easy Path to Wealth

Cryptocurrency hasn’t made a big dent in the RE industry, and ads promising Black and Hispanic investors a rosy future in crypto investing haven’t lived up to the hype.

https://www.floridarealtors.org/news-media/news-articles/2023/03/crypto-lesson-no-easy-path-wealth

Miami News

Ralph Lauren’s new Web3-centric Miami store accepts crypto

This will be the first Ralph Lauren store to accept crypto payments, and its launch includes a partnership with Web3 community Poolsuite.

https://www.voguebusiness.com/technology/ralph-laurens-new-web3-centric-miami-store-accepts-crypto

Latest Crypto Florida Class Action Targets Binance

The law firm behind recent class action suits against FTX and Voyager Digital has filed a new complaint against Binance.

https://blockworks.co/news/latest-crypto-florida-class-action-targets-binance

Jacksonville News

Donna Deegan, Daniel Davis advance to Jacksonville mayoral runoff election

The seven person race cut to two Tuesday night, with Donna Deegan earning 39% of the vote and Daniel Davis at 24%.

https://www.jacksonville.com/story/news/politics/elections/local/2023/03/21/democrat-deegan-republican-davis-advance-to-mayoral-runoff-election/70029319007/

Want to Get Into the Flow? Try Our Spotify CryptoFlo Playlist, Made Just for You!

Do you have any noteworthy news about you or someone you know? Want to voice an anonymous opinion? Send it to us here

Crypto Flo is brought to you by our partners and sponsors:

Disclaimer: Crypto Flo DOES NOT provide financial advice. All content is for informational purposes only. Crypto Flo is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.