How to Safely Pass On Your Crypto After Death
Having a succession plan in place where your crypto assets can be located, identified, and accessed on death is key. It’s best to make your crypto assets planning part of your overall will setup process.
Biden Senior Aide’s Role Limited on Some Crypto, Tech Firms
President Joe Biden will bar his new communications director from participating in legal matters, investigations, or contracts involving cryptocurrency or technology firms he previously represented, including Meta Platforms Inc., venture capital firm Haun Ventures LLC, and Shopify Inc.
Biden’s Comms Director Barred From Former Crypto Clients: Report
President Joe Biden will prohibit his communications director, Ben LaBolt, from handling any legal matters or contracts related to cryptocurrency or technology firms he previously represented, according to an April 22 report by Bloomberg Law. LaBolt's former clients included decentralized exchange UniSwap, venture capital firm Andressen Horowitz, Meta Platforms, Shopify, and West Street, the family office of Mark Zuckerberg and his wife Priscilla Chan. LaBolt disclosed holding $50,001-$100,000 in Bitcoin and $15,001-$50,000 in Ethereum 2. Despite the restrictions, LaBolt will be allowed to advise on cryptocurrency regulation. Biden's executive order on digital assets signed on March 9 outlines an interagency process for producing reports at intervals ranging from 90 days to over a year.
The NYDFS to Start Charging Crypto Firms Supervised by the Regulator
The New York State Department of Financial Services (NYDFS) said it will start billing cryptocurrency entities registered in the state in exchange for annual examination and supervision.
Crypto AI Economy Suffers $730 Million Loss in 2 Months as Interest Wanes
Less than two months ago, a collection of 74 listed cryptocurrencies centered around artificial intelligence (AI) amassed an impressive $4 billion valuation. However, the intervening weeks have seen a sharp decline in crypto-AI economy gains, with losses of $730 million.
Canada’s Largest Pension Fund to Stay Away From Crypto After Writing off FTX Investment
Jo Taylor – Chief Executive Officer of the $190 billion Ontario Teachers’ Pension Plan (OTPP) – told the Financial Times that the entity will refrain from cryptocurrency investments due to the losses triggered by the FTX meltdown. He said the decision was based in part on “feedback from our members,” who presumably criticized the fund’s initial interaction with the collapsed platform.
Coinbase CEO: US Crypto Policy Threat to National Security, Ripple Exec Reacts
Brian Armstrong, CEO at Coinbase, recently held a Twitter Spaces session in which he and three other speakers analyzed how the unfavorable policy surrounding crypto in the United States could threaten the country’s national security.
Over 30% TikTok Videos on Crypto Investments Are Misleading: Research
More than 1 out of 3 influencers on TikTok, the go-to social media platform for the young generation, have been found to post misleading videos about Bitcoin (BTC) and cryptocurrency investments in a recent study.
BitBoy Crypto Referred to FBI After Failed Court Appearance
Crypto community influencer and Youtuber Ben “BitBoy” Armstrong has been referred to the Federal Bureau of Investigation (FBI) after refusing to appear for a court hearing surrounding his promotion of FTX.
Paradigm Says SEC’s Current Framework Is Unsuitable For Crypto
Crypto investment firm Paradigm said that the current SEC disclosure framework is “unfit” for the cryptocurrency markets.
