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U.S. Senate Judiciary Committee Opposes Section 604 of the Blockchain Regulatory Clarity Act
According to BlockBeats, on January 17, the head of the U.S. Senate Judiciary Committee sent a letter to the Senate Banking Committee opposing Section 604 of the Blockchain Regulatory Clarity Act, stating that it undermines federal oversight of fund transfers.
The letter mentions that Section 604 of the Banking Committee's Market Structure Bill protects software developers from criminal liability due to third-party misuse of products, while undermining federal laws on unlicensed fund transfers.
The letter cites the Justice Department's case against Tornado Cash developer Roman Storm, emphasizing the importance of holding unlicensed fund transfer operators accountable under current regulations. The Banking Committee was originally scheduled to debate the bill on Thursday, but the agenda was canceled due to opposition.
The letter mentions that Section 604 of the Banking Committee's Market Structure Bill protects software developers from criminal liability due to third-party misuse of products, while undermining federal laws on unlicensed fund transfers.
The letter cites the Justice Department's case against Tornado Cash developer Roman Storm, emphasizing the importance of holding unlicensed fund transfer operators accountable under current regulations. The Banking Committee was originally scheduled to debate the bill on Thursday, but the agenda was canceled due to opposition.
Official account?
Are bank branches "disappearing"? Over 9,000 shut down! $BTC $ETH $BNB #比特币VS代币化黄金
@Huma Finance 🟣 is an innovative PayFi (Payment Finance) project focused on leveraging blockchain technology to optimize the global payment and lending markets. Here are its core highlights:
1. Instant Cross-Border Payments: Based on Solana and Stellar blockchains, it provides 24/7 second-level settlement, significantly reducing the cost and delay of traditional cross-border payments.
2. Income-Backed Lending: Users can use future income (such as salary, accounts receivable) as collateral to obtain USDC/USDT loans without traditional collateral.
3. Zero Default Record: Utilizing on-chain credit assessment and automated risk control, it has achieved zero defaults to date and facilitated $2.3 billion in credit.
4. Multi-Chain Ecosystem and Institutional Support: Spanning Solana, Stellar, and EVM chains, it has secured $46 million in funding, with investors including Galaxy Digital, Circle, and Solana Foundation.
5. Deflationary Token Economy: HUMA token (total supply of 10 billion) is used for governance, staking, and fee payments, with a portion of the revenue used for buybacks and destruction, enhancing scarcity.
Huma Finance is reshaping financial liquidity, making global payments and lending more efficient.
#HumaFinance
1. Instant Cross-Border Payments: Based on Solana and Stellar blockchains, it provides 24/7 second-level settlement, significantly reducing the cost and delay of traditional cross-border payments.
2. Income-Backed Lending: Users can use future income (such as salary, accounts receivable) as collateral to obtain USDC/USDT loans without traditional collateral.
3. Zero Default Record: Utilizing on-chain credit assessment and automated risk control, it has achieved zero defaults to date and facilitated $2.3 billion in credit.
4. Multi-Chain Ecosystem and Institutional Support: Spanning Solana, Stellar, and EVM chains, it has secured $46 million in funding, with investors including Galaxy Digital, Circle, and Solana Foundation.
5. Deflationary Token Economy: HUMA token (total supply of 10 billion) is used for governance, staking, and fee payments, with a portion of the revenue used for buybacks and destruction, enhancing scarcity.
Huma Finance is reshaping financial liquidity, making global payments and lending more efficient.
#HumaFinance
Alright. Now the third wave begins.
The House Republicans failed to pass a procedural motion to block bills, including several cryptocurrency proposals and the defense spending bill, from entering the formal consideration process, with a vote result of 196 in favor and 222 against. #美国加密周
The House Republicans failed to pass a procedural motion to block bills, including several cryptocurrency proposals and the defense spending bill, from entering the formal consideration process, with a vote result of 196 in favor and 222 against. #美国加密周
Definitely not. The meeting hasn't started yet.
Currently, it seems that the peak value of the third wave of the big cake will decline.#CPI数据来袭 #比特币巨鲸动向
Binance Alpha will be the first platform to launch LayerEdge (EDGEN)
According to the official announcement, Binance Alpha will be the first platform to list LayerEdge (EDGEN), with trading opening on June 2, the specific time will be announced later.
In addition, eligible users need to use Alpha points on the Alpha event page to claim the airdrop.
According to the official announcement, Binance Alpha will be the first platform to list LayerEdge (EDGEN), with trading opening on June 2, the specific time will be announced later.
In addition, eligible users need to use Alpha points on the Alpha event page to claim the airdrop.
Merlin Chain’s Market Strategy
The recent popularity of Merlin has aroused the jealousy of some people and made them feel uneasy. The reason why Merlin has been able to develop to its current status is by no means an overnight success. This is due to the long-term hard work and innovation of the team in the Bitcoin ecosystem. The community strong support, win-win cooperation with other public chains, and robust financing and security measures.
For those who are not familiar with Merlin, you can read this rich and concise article to gain an in-depth understanding of how Merlin achieved what it is today.
Article address: https://m.theblockbeats.info/news/51989
The recent popularity of Merlin has aroused the jealousy of some people and made them feel uneasy. The reason why Merlin has been able to develop to its current status is by no means an overnight success. This is due to the long-term hard work and innovation of the team in the Bitcoin ecosystem. The community strong support, win-win cooperation with other public chains, and robust financing and security measures.
For those who are not familiar with Merlin, you can read this rich and concise article to gain an in-depth understanding of how Merlin achieved what it is today.
Article address: https://m.theblockbeats.info/news/51989
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