On Friday, the chairs of the House Financial Services Committee and the Agriculture Committee shared draft legislation that is meant to comprehensively deal with the thorniest issues of crypto regulation, including securities-commodities designation. NLW gives a 101 on what the bill says, and what comes next.
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⚠️ Important ⚠️ The opinions and information presented in this video are strictly my own, or those of the interviewee featured in the episode, and are not representative of any other individual or entity. The content provided in this video is informational in nature and does not constitute financial advice, advice of any other nature, nor a call to action to purchase cryptocurrency assets of any kind. It is the responsibility of the viewer to conduct independent research and due diligence before making any financial or investment decisions related to the subject matter published on this channel, whether sponsored or unsponsored. Sponsorships, which are clearly disclosed, are informational in nature and do not constitute a call to action to purchase cryptocurrency, nor a direct endorsement from Hashoshi. This channel does not offer the purchase or sale of securities.
Hashoshi is not responsible, directly or indirectly, for any damage or loss caused by, alleged to be caused by, or in connection with the use of or reliance on any content, goods or services mentioned in this published media.
Hashoshi breaks down the latest crypto bill to land in US Congress, which outlines the most draconian crypto regulation plan to date. But, is this bill likely to garner support and pass?
🔺 This description box may contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission.
⚠️ Important ⚠️ The opinions and information presented in this video are strictly my own, or those of the interviewee featured in the episode, and are not representative of any other individual or entity. The content provided in this video is informational in nature and does not constitute financial advice, advice of any other nature, nor a call to action to purchase cryptocurrency assets of any kind. It is the responsibility of the viewer to conduct independent research and due diligence before making any financial or investment decisions related to the subject matter published on this channel, whether sponsored or unsponsored. Sponsorships, which are clearly disclosed, are informational in nature and do not constitute a call to action to purchase cryptocurrency, nor a direct endorsement from Hashoshi. This channel does not offer the purchase or sale of securities.
Hashoshi is not responsible, directly or indirectly, for any damage or loss caused by, alleged to be caused by, or in connection with the use of or reliance on any content, goods or services mentioned in this published media.
⏰ // Timestamps // ⏰
0:00 This crypto bill is a total disaster
0:48 The Digital Asset Anti Money Laundering Act
2:06 Classifying developers and node operators as financial institutions
3:40 Miners, validators and developers cannot physically comply with these rules
5:15 An even worse outcome: the end of self-custody & privacy
6:18 An attempt at regulatory clarity should be pre-requisite
7:07 Does this bill have support? Will it pass?
9:15 Alternative solutions are available…
11:46 Learn about the DETAILS of the FTX collapse
This episode is sponsored by Nexo.io, NEAR and FTX US.
Today on “The Breakdown,” Sens. Cynthia Lummis and Kirsten Gillibrand join NLW to discuss their recently released Responsible Financial Innovation Act. They discuss:
How Senator Gillibrand came to be interested in the topic. How “ancillary assets” came to be defined for digital assets. The bill’s approach to investor protections. Stablecoins vs CBDCs. And much more.
Find our guests on Twitter:
@SenLummis
@SenGillibrand
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Video Suggestions for Beginners to Crypto:
– When did Crypto Start?: youtu.be/rd5gv6X70ew
– Why Bitcoin?: youtu.be/GVwWwWUj3NU
– 3 Mistakes to Avoid When Storing Cryptos: https://www.youtube.com/watch?v=rhhu3Uh8iHE
– If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
– Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
– Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
– 3 Things You Should Never Do on a Crypto Exchange: youtu.be/pgZP-voLGpE
– 5 Things Crypto Exchanges Don’t Want You to Know: youtu.be/_VcdEovm8u8
– My Recommendations for Centralized Exchanges: youtu.be/kCYj2tdYufE
– My Recommendations for Decentralized Exchanges (DEX): youtu.be/AMsp3knAfBs
– Calling Out Fake DEXs: youtu.be/h_cZyGqjKrs
– Why is DeFi the Hottest Topic in Crypto?: youtu.be/mqdD_2rX4-0
– Without This, Crypto Won’t Survive: youtu.be/Jg-zk_Nhpq0
– How To Use the Most Popular Privacy Coins: youtu.be/WLckSKzFpE8
Jack Dorsey and his team announced that they’re working on Web5? What does this mean for Web3? Also, crypto miners in stock, the crypto law bill is here, and make money walking?! Today we have some insane crypto news, so sub to VoskCoin for the best crypto content! http://voskco.in/Sub
What is Web 5?! Is it really the end of the Web 3.0 revolution? Let’s take an in-depth look at what Web 5 is and how it might affect your favorite Web 3 projects. Despite the current market conditions, crypto mining is still a profitable way to make extra income – and crypto miners are coming back into stock! Today we’ll look at mining, the crypto bill, Web 5 and how to make money with NFTs!?
⏰ Timestamps ⏰
00:00 Web5 market updates and much more
01:21 US crypto bill update
01:59 Web3 is dead and here comes Web5
05:17 NFT gaming to the masses with Google sign-in
08:39 NFT app that pays you to exercise
12:24 Best miner to buy right now
15:04 Update on my crypto compound
VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
Timestamps:
0:00 – Senator Cynthia Lummin & Michael Saylor on June 7th Crypto Bill
1:25 – Introduction (Watch the WHOLE Video)
1:44 – June 7th Crypto Bill Could Be HORRENDOUS For Altcoins
2:27 – Who has helped craft this bill? Why are they BTC Maxi bias?
4:00 – Michael Saylor
4:20 – Ted Cruz
5:37 – Caitlin Long
6:25 – Cynthia Lummis
6:40 – FTX is the BEST App for Crypto Traders ($100 Free use code “ALTCOINDAILY”)
7:10 – Ethereum & Crypto to be deemed securities
8:03 – TLDR/Takeaways [What you need to understand]
9:33 – Final Thoughts
**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin.
***********************************************************************
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!
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Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
Most of my crypto portfolio is Bitcoin, then Ethereum, but I hold many cryptocurrencies, possibly ones discussed in this video.
Coins I hold or will hold more than $1k worth (in no particular order): BTC, ETH, ADA, SOL, DOT, AVAX, EGLD, MINA, SUPER, FEAR, CELL, DON, VPP, XCAD, RUNE, XDEFI, OPUL, LINK, RFOX, INJ, XPLOT, REALM, NIF, VPAD, SENATE, SIDUS, FORM, DON, CELL, BICO, SIS, MATIC, IMX, METIS, BNB, MANA, SAND, THETA, TFUEL, GMT
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