New York Assembly Bill 7024, proposed by lawmaker Latrice Walker, seeks to include fiat-collateralized stablecoins as an acceptable method for bail bond payments. The bill does not specify support for any particular stablecoin and also states that no person or corporation can be compelled to accept stablecoins or any other cryptocurrency for bond posting. This follows a proposed bill by New York Attorney General Letitia James to tighten regulations on the crypto industry. New York is known for its strict crypto regulations and has filed several enforcement actions against crypto firms.
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New York Lawmaker Proposes Bill to Allow Fiat-Collateralized Stablecoins for Bail Bond Payments
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Careers in Crypto: 5 Insights for 2024
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Cointime August 4 News Express
1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX -
Crypto community slams WazirX’s 'socialized losses' plan after hack
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Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches. -
Trump team files complaint over Harris inheriting $96 million in Biden campaign funds
According to reports from foreign media, the Trump campaign team has filed a complaint with the Federal Election Commission, claiming that Biden's transfer of $96 million in campaign funds to Harris is illegal. David Warrington, a lawyer for the Trump campaign team, said that this was a "shameless money-grabbing act" and would constitute the largest excessive donation and most serious violation in the history of the Federal Election Law. Shortly after Biden withdrew from the election and appointed Harris as his preferred successor, she took over Biden's campaign committee's bank account. Steve Roberts, a lawyer who represented Republican candidates, said that the argument against the transfer was a "wishful thinking" of his Republican colleagues. The Harris campaign team said that this complaint would not affect its fundraising or spending. -
Donald Trump Plans to Release Fourth NFT Collection, Embraces Crypto Industry
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Crypto Industry Disappointed as Digital Assets Fail to Make an Appearance in First 2024 US Presidential Debate
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