Newsmaker.сlub
#US FIT21 BILL PASSES HOUSE VOTE —— 🪆Перевод | 🏇 Join the Pro
#US #regulation | a16z • US
Financial Innovation and Technology for the 21st Century Act aka FIT21
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It recently passed in a vote at the White House. It also needs approval from the Senate and the President, which they say won't be a problem. The next meeting is 26-27 July. So it will become law sometime in the autumn.
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The FIT21 bill/ HR 4763 establishes a regulatory framework for U.S. digital assets markets to:
• Address the unique structure of digital assets;
• Provide for clear, robust consumer protections;
• Clarify which digital assets are regulated by the CFTC and which by the SEC.
This is important because of the key differences between the definitions of “commodities” vs. “securities”, which have consequences for how they are regulated.
• The CFTC would regulate a digital asset as a commodity “if the blockchain, or digital ledger, on which it runs is functional and decentralized”.
• The SEC would regulate a digital asset as a security “if its associated blockchain is functional but not decentralized”.
The bill defines decentralization as, “if, among other requirements, no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset”.
The bill also establishes other consumer protection requirements such as segregation of customer funds; lock-up periods for token insiders (to incentivize innovation not just speculation); limitations on annual sales volumes; and disclosure requirements.
The bill gives the SEC too much jurisdiction by providing a very high bar for decentralization — as well as the ability to claw back any tokens or projects that become “re-centralized”.
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🪆Перевод | 🏇 We are waiting you
Financial Innovation and Technology for the 21st Century Act aka FIT21
——
It recently passed in a vote at the White House. It also needs approval from the Senate and the President, which they say won't be a problem. The next meeting is 26-27 July. So it will become law sometime in the autumn.
——
The FIT21 bill/ HR 4763 establishes a regulatory framework for U.S. digital assets markets to:
• Address the unique structure of digital assets;
• Provide for clear, robust consumer protections;
• Clarify which digital assets are regulated by the CFTC and which by the SEC.
This is important because of the key differences between the definitions of “commodities” vs. “securities”, which have consequences for how they are regulated.
• The CFTC would regulate a digital asset as a commodity “if the blockchain, or digital ledger, on which it runs is functional and decentralized”.
• The SEC would regulate a digital asset as a security “if its associated blockchain is functional but not decentralized”.
The bill defines decentralization as, “if, among other requirements, no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset”.
The bill also establishes other consumer protection requirements such as segregation of customer funds; lock-up periods for token insiders (to incentivize innovation not just speculation); limitations on annual sales volumes; and disclosure requirements.
The bill gives the SEC too much jurisdiction by providing a very high bar for decentralization — as well as the ability to claw back any tokens or projects that become “re-centralized”.
——
🪆Перевод | 🏇 We are waiting you
#US #Salvador | Source
😒
President Biden Announces Presidential Delegation to the Republic of El Salvador to Attend the Inauguration of His Excellency Nayib Bukele
The Inauguration of His Excellency Nayib Bukele on June 1, 2024, in San Salvador, El Salvador.
Members of the Presidential Delegation:
• William H. Duncan, United States Ambassador to the Republic of El Salvador
• Marisa Lago, Under Secretary of Commerce for International Trade, U.S. Department of Commerce
• Brian A. Nichols, Assistant Secretary of State for Western Hemisphere Affairs, U.S. Department of State
• Julieta Valls Noyes, Assistant Secretary of State for Population, Refugees, and Migration, U.S. Department of State
• Daniel P. Erikson, Special Assistant to the President and Senior Director for the Western Hemisphere, National Security Council, The White House
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President Biden Announces Presidential Delegation to the Republic of El Salvador to Attend the Inauguration of His Excellency Nayib Bukele
The Inauguration of His Excellency Nayib Bukele on June 1, 2024, in San Salvador, El Salvador.
Members of the Presidential Delegation:
• William H. Duncan, United States Ambassador to the Republic of El Salvador
• Marisa Lago, Under Secretary of Commerce for International Trade, U.S. Department of Commerce
• Brian A. Nichols, Assistant Secretary of State for Western Hemisphere Affairs, U.S. Department of State
• Julieta Valls Noyes, Assistant Secretary of State for Population, Refugees, and Migration, U.S. Department of State
• Daniel P. Erikson, Special Assistant to the President and Senior Director for the Western Hemisphere, National Security Council, The White House
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🪆Перевод | 🏇 Join the Pro
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#US #Biden
BIDEN SAYS HE IS VETOING CONGRESSIONAL DISAPPROVAL OF U.S. SECURITIES AND EXCHANGE COMMISSION ACCOUNTING BULLETIN ON CRYPTO-ASSETS
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BIDEN SAYS HE IS VETOING CONGRESSIONAL DISAPPROVAL OF U.S. SECURITIES AND EXCHANGE COMMISSION ACCOUNTING BULLETIN ON CRYPTO-ASSETS
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#US #unemployment
U.S. NONFARM PAYROLLS: +272000 (EST. +182000)
U.S. UNEMPLOYMENT RATE: 4% (EST. 3.9%)
U.S. AVERAGE HOURLY EARNINGS: +0.4% (EST. +0.3%)
Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services
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U.S. NONFARM PAYROLLS: +272000 (EST. +182000)
U.S. UNEMPLOYMENT RATE: 4% (EST. 3.9%)
U.S. AVERAGE HOURLY EARNINGS: +0.4% (EST. +0.3%)
Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services
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🪆Перевод | 🏇 Join the Pro
#US
US Congressman Matt Gaetz Introduces Bill To Allow Federal Income Tax To Be Paid With Bitcoin
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🪆Перевод | 🏇 Join the Pro
US Congressman Matt Gaetz Introduces Bill To Allow Federal Income Tax To Be Paid With Bitcoin
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🪆Перевод | 🏇 Join the Pro
#US #BTC
US Government sends approx. 4,000 BTC to Coinbase a day after getting approval to sell by Judge
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From: U.S. Government: Banmeet Singh Seized Funds (bc1qr)
To: Coinbase Prime Deposit (3FGcX)
Value: 3,940.284505 BTC ($241,220,277.14)
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🪆Перевод | 🏇 Join the Pro
US Government sends approx. 4,000 BTC to Coinbase a day after getting approval to sell by Judge
——
From: U.S. Government: Banmeet Singh Seized Funds (bc1qr)
To: Coinbase Prime Deposit (3FGcX)
Value: 3,940.284505 BTC ($241,220,277.14)
——
🪆Перевод | 🏇 Join the Pro
#US #SEC | Source
This will help crypto projects avoid blackmail and extortion by the SEC…
The Supreme Court has just ruled in a 6-3 vote that when the SEC seeks penalties for fraud, a defendant is entitled to a jury trial in federal court, as opposed to being subjected to the agency’s “in-house” legal proceedings.
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🪆Перевод | 🏇 Join the Pro
This will help crypto projects avoid blackmail and extortion by the SEC…
The Supreme Court has just ruled in a 6-3 vote that when the SEC seeks penalties for fraud, a defendant is entitled to a jury trial in federal court, as opposed to being subjected to the agency’s “in-house” legal proceedings.
——
🪆Перевод | 🏇 Join the Pro
#US
September, with CZ…
TRADERS SEE JULY FED HOLD, SEPT START TO RATE CUTS
U.S. SHORT-TERM INTEREST-RATE FUTURES EDGE UP AFTER INFLATION DATA;
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September, with CZ…
TRADERS SEE JULY FED HOLD, SEPT START TO RATE CUTS
U.S. SHORT-TERM INTEREST-RATE FUTURES EDGE UP AFTER INFLATION DATA;
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🪆Перевод | 🏇 Join the Pro
#US
Nonfarm Payroll +114K Exp. 178K, Prev. 206K
Unemployment Rate 4.3%, Exp. 4.1%, Prev. 4.1%
The unemployment rate rose to 4.3 percent in July, and nonfarm payroll employment edged up by 114,000. Employment continued to trend up in health care, in construction,
and in transportation and warehousing, while information lost jobs.
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Nonfarm Payroll +114K Exp. 178K, Prev. 206K
Unemployment Rate 4.3%, Exp. 4.1%, Prev. 4.1%
The unemployment rate rose to 4.3 percent in July, and nonfarm payroll employment edged up by 114,000. Employment continued to trend up in health care, in construction,
and in transportation and warehousing, while information lost jobs.
——
🪆Перевод | 🏇 Join the Pro
Newsmaker.сlub
#US U.S PPI (MOM) (AUG) ACTUAL: 0.2% VS 0.1% PREVIOUS; EST 0.1% —— 🪆Перевод | 🏇 Join the Pro
#US
Local dump, then pump anyway…
FED SWAPS STEADY AFTER PPI, SEE CUTS TOTALING 100BP THIS YEAR
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🪆Перевод | 🏇 Join the Pro
Local dump, then pump anyway…
FED SWAPS STEADY AFTER PPI, SEE CUTS TOTALING 100BP THIS YEAR
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🪆Перевод | 🏇 Join the Pro
Telegraph
Local dump, then pump anyway…
Местная помойка, а потом все равно качать...СВОПЫ ФРС ОСТАЮТСЯ НА ПРЕЖНЕМ УРОВНЕ ПОСЛЕ ПРИНЯТИЯ PPI, ОЖИДАЕТСЯ СНИЖЕНИЕ СТАВОК НА 100 Б.П. В ЭТОМ ГОДУ Local dump, then pump anyway…FED SWAPS STEADY AFTER PPI, SEE CUTS TOTALING 100BP THIS YEAR
#US #Trump #economist | #opinon
USA is ready for Trump
The biggest news of the past week, in our opinion, is the latest cover of The Economist...
We all know how influential The Economist is, we could say it represents the opinion of the real establishment in the US. And in the picture above we can see what covers have been released before and what cover was released on October 12.
Although the article itself does not contain any words of support for Trump, we can judge from the cover that Trump is accepted in the highest echelons of power in the USA.
Therefore, we now assess Trump's victory as real…
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On #Polymarket, Trump has taken a sharp lead over Harris in the last week and now the Trump/Harris ratio is 60/40. Interestingly, the volume of bets has increased by $1b over the last month.
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The election will be held on Nov. 5...
We'll see...
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Also a reminder:
• [Potentially future President] Elon Musk and D.O.G.E. You know…
• Trump’s promises…
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🪆Перевод | 🏇 Join the Pro
USA is ready for Trump
The biggest news of the past week, in our opinion, is the latest cover of The Economist...
We all know how influential The Economist is, we could say it represents the opinion of the real establishment in the US. And in the picture above we can see what covers have been released before and what cover was released on October 12.
Although the article itself does not contain any words of support for Trump, we can judge from the cover that Trump is accepted in the highest echelons of power in the USA.
Therefore, we now assess Trump's victory as real…
——
On #Polymarket, Trump has taken a sharp lead over Harris in the last week and now the Trump/Harris ratio is 60/40. Interestingly, the volume of bets has increased by $1b over the last month.
——
The election will be held on Nov. 5...
We'll see...
——
Also a reminder:
• [Potentially future President] Elon Musk and D.O.G.E. You know…
• Trump’s promises…
——
🪆Перевод | 🏇 Join the Pro
#US #markets | Source
• The U.S. stock market is set to surpass $60 trillion today…
[More than the entire European ($12T), Chinese ($7T), Japanese ($4.5T), UK ($3.7T), Canadian ($3T), South Korean ($1.1T), Russian ($318B) and 10-15 other major stock markets combined].
• 7 companies have capitalization above $1 tln.
[#AAPL, #NVDA, #MSFT, #GOOGL, #AMZN, #META, #BRK]
• 3 companies have capitalization above $3 tln.
AAPL - $3.5T, NVDA - $3.3T, MSFT - $3T
• By the end of the year we will probably see at least 2 companies exceed $4 tln...
• The difference between Apple and Nvidia is less than 10%, and today NVDA is already up 3% on the premarket, while AAPL is up only 0.7%
Against this background, the US national debt of $35 tln does not look so big, there is still room for growth...
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• The global crypto market cap is $2.29T
• BTC Mcap - $1,3 tln…
• ETH Mcap - $313 bln, like Russian stock market…
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🪆Перевод | 🏇 Join the Pro
• The U.S. stock market is set to surpass $60 trillion today…
[More than the entire European ($12T), Chinese ($7T), Japanese ($4.5T), UK ($3.7T), Canadian ($3T), South Korean ($1.1T), Russian ($318B) and 10-15 other major stock markets combined].
• 7 companies have capitalization above $1 tln.
[#AAPL, #NVDA, #MSFT, #GOOGL, #AMZN, #META, #BRK]
• 3 companies have capitalization above $3 tln.
AAPL - $3.5T, NVDA - $3.3T, MSFT - $3T
• By the end of the year we will probably see at least 2 companies exceed $4 tln...
• The difference between Apple and Nvidia is less than 10%, and today NVDA is already up 3% on the premarket, while AAPL is up only 0.7%
Against this background, the US national debt of $35 tln does not look so big, there is still room for growth...
——
• The global crypto market cap is $2.29T
• BTC Mcap - $1,3 tln…
• ETH Mcap - $313 bln, like Russian stock market…
——
🪆Перевод | 🏇 Join the Pro
Newsmaker.сlub
#US #Trump #economist | #opinon USA is ready for Trump The biggest news of the past week, in our opinion, is the latest cover of The Economist... We all know how influential The Economist is, we could say it represents the opinion of the real establishment…
#US
It's no longer Polymarket, but electoral votes (forecast)...
Trump has 312 out of the required 270 today...
The US election system is a bit more complicated than usual, the population votes first and then the Electoral College votes, they determine who will be the President of the US.
Fun fact:
U.S. history knows several cases when a candidate gained more popular votes but lost because the Electors voted against...
And that's how Donald Trump beat Hillary Clinton in 2016…
• Clinton won 48.2% of the popular vote and 227 electoral votes...
• Trump won 46.2% of the popular vote and 304 electoral votes.
USA is ready for Trump…
——
🪆Перевод | 🏇 Join the Pro
It's no longer Polymarket, but electoral votes (forecast)...
Trump has 312 out of the required 270 today...
The US election system is a bit more complicated than usual, the population votes first and then the Electoral College votes, they determine who will be the President of the US.
Fun fact:
U.S. history knows several cases when a candidate gained more popular votes but lost because the Electors voted against...
And that's how Donald Trump beat Hillary Clinton in 2016…
• Clinton won 48.2% of the popular vote and 227 electoral votes...
• Trump won 46.2% of the popular vote and 304 electoral votes.
USA is ready for Trump…
——
🪆Перевод | 🏇 Join the Pro
#US #FINK | CBO • CNBC
BLACKROCK'S FINK SAYS RISING US GOVERNMENT DEBT "A BIG PROBLEM"
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No it isn't, at least not until 2034 - CBO
Just yesterday the Congressional Budget Office (CBO), unveiled a draft of the US budget through 2034.
The debt doesn't seem to be such a problem for the US as it will definitely exceed $50 trillion in 10 years, and most likely exceed even $70 trillion. And the budget deficit will increase from the current $1.7 tln to $2.8 tln.
Here are some numbers [Base scenario]:
• 2024.
U.S. GDP - $27 tln.
Debt held by public - 26.2 tln (100%).
Total Govt debt - 35.7 tln. (136%)
Interest per year - $1.16 tln (1st time >$1 tln).
• 2034.
U.S. GDP - $41.4 tln.
Debt held by public - $50.6 tln (100%)
Total Govt debt - $68.8 tln (136%)*
Interest per year - $1.72 tln (2.5%)*
*nwsmkr’s projection based on 2024 values as CBO has not released data for these categories
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🪆Перевод
BLACKROCK'S FINK SAYS RISING US GOVERNMENT DEBT "A BIG PROBLEM"
——
No it isn't, at least not until 2034 - CBO
Just yesterday the Congressional Budget Office (CBO), unveiled a draft of the US budget through 2034.
The debt doesn't seem to be such a problem for the US as it will definitely exceed $50 trillion in 10 years, and most likely exceed even $70 trillion. And the budget deficit will increase from the current $1.7 tln to $2.8 tln.
Here are some numbers [Base scenario]:
• 2024.
U.S. GDP - $27 tln.
Debt held by public - 26.2 tln (100%).
Total Govt debt - 35.7 tln. (136%)
Interest per year - $1.16 tln (1st time >$1 tln).
• 2034.
U.S. GDP - $41.4 tln.
Debt held by public - $50.6 tln (100%)
Total Govt debt - $68.8 tln (136%)*
Interest per year - $1.72 tln (2.5%)*
*nwsmkr’s projection based on 2024 values as CBO has not released data for these categories
——
🪆Перевод
#US
U.S. NONFARM PAYROLLS: +12000 (EST. +106000)
U.S. UNEMPLOYMENT RATE: 4.1% (EST. 4.1%)
Total nonfarm payroll employment was essentially unchanged in October (+12,000), and the unemployment rate was unchanged at 4.1 percent. Employment continued to trend up in health care and government. Temporary help services lost jobs.
Employment declined in manufacturing due to strike activity.
——
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U.S. NONFARM PAYROLLS: +12000 (EST. +106000)
U.S. UNEMPLOYMENT RATE: 4.1% (EST. 4.1%)
Total nonfarm payroll employment was essentially unchanged in October (+12,000), and the unemployment rate was unchanged at 4.1 percent. Employment continued to trend up in health care and government. Temporary help services lost jobs.
Employment declined in manufacturing due to strike activity.
——
🪆Перевод | 🏇 Join the Pro
#US
US lives on Eastern Time (ET)…
Now there is 03:12… (08:12 UTC)
Here previous results…
As usual winner would be known a few hours after 18:00 ET (23:00 UTC)
Potential time 00:00 UTC - 03:00 UTC
US lives on Eastern Time (ET)…
Now there is 03:12… (08:12 UTC)
Here previous results…
As usual winner would be known a few hours after 18:00 ET (23:00 UTC)
Potential time 00:00 UTC - 03:00 UTC