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Former UK PM via his Tony Blair Institute has created a plan proposing selling land in Gaza via blockchain tokens, which has gone down badly, it seems: 'Evil' Proposal To Sell Gaza Land Via Crypto Tokens Met With Backlash (Decrypt). Sayonarra to the Blair Token Project before the plans are even advanced, it seems.
You pay your money, you buy your representation, some say: Stand With Crypto Letter To The Congress (Stand With Crypto) / Coinbase Crypto Lobby Urges Congress To Back Major Crypto Bill (Cointelegraph), as US House lawmakers are being urged by 65 crypto organizations (a remarkable distribution of opinion?) to pass the CLARITY Act, handing policing of crypto to the CFTC.
Also in Washington D.C. US SEC's Guidance Is First Step Toward Rules Governing Crypto ETFs (Reuters) as Politico notes It’s Crypto Crunch Time For The House (Politico).
Also, SEC Acknowledges Trump’s Truth Social Bitcoin And Ethereum ETF (Cointelegraph)
In the many hearings happening now, Ripple CEO To Testify Before Senate On Crypto Reform And Market Structure Legislation (Bitcoin News).
In funding news, DigitalX Secures Over $13M From Animoca, UTXO, And Others To Expand BTC Holdings (CoinDesk)
Frozen out of repayment as we mentioned last week, FTX’s Chinese Customers In Limbo Over Local Crypto Crackdown (WSJ).
In Brussels (well Paris and elsewhere too, depending on the agency) Robinhood’s OpenAI, SpaceX Private Equity Tokens Face EU Scrutiny (Cointelegraph)
In Lagos, SEC, Quidax Bring Together Top Banks, Asset Managers To Drive Digital Assets Adoption in Nigeria (GlobeNewswire), while Pakistan Launches Crypto Regulatory Body For Digital Asset Sector (Cointelegraph).
A story from Cointelegraph runs the headline How Vietnam Is Using Crypto to Fix Its FATF Reputation while Vitalik Buterin Advocates ‘Copyleft’ Licensing In Crypto (Cointelegraph) and in legal actions, a Court Ends Coin Center-US Treasury Appeal Over Tornado Cash (Cointelegraph).
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Fresh from our successful experiment last month, IPO-VID 181 features another fascinating panel to discuss market structure news, views and matters of the moment. Joining me will be BIDS co-founder Mark Beddis, former CBOT board member Ann Berg & Co-CEO of BPX Digital Securities Exchange Robert Barnes.
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EXCHANGE INVEST WEEKLY PODCAST
Hong Kong Exchanges celebrate a glorious first quarter century,
ASIC’s panel lacks exchange expertise,
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Books worth reading:
Finance Book Of The Week
“The Risk Controllers: Central Counterparty Clearing in Globalised Financial Markets” by Peter Norman describes how CCPs operate, how they handled the Lehman default, and the challenges they now face. Peter Norman examines turning points, such as the 1987 stock market crash, that set clearing on a new path and the impact of long running trends, including the exponential growth of computer power and the ebb and flow of globalisation.
Get the book here.
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Suggestions welcome if you would like to nominate a book for us to cover!
Our next Book of the week will be unveiled Saturday in the EI Weekend Edition.
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Capital Market Revolution
First published in 1999, “Capital Market Revolution!” offered a clear, concise roadmap for navigating the financial revolution fueled by technology. And 25 years later, as the world of fintech continues to evolve, the core principles laid out in the book remain surprisingly sharp
This new edition was produced to celebrate PLY ringing the NYSE Closing Bell July 5th, 2024. There are several new sections of PLY pith to add 10,000 more words of context and the original book which is remarkably prescient and elegantly dated all at once! It’s only $9.99 on Kindle, a fraction of the original price in 1999 to encourage revolutionaries with any budget!
Get the book here.
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