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Donald Trump’s plans and support for the ‘crypto’ industry
Homepage > News > Business > Donald Trump’s plans and support for the ‘crypto’ industry President-elect Donald Trump‘s plans for the cryptocurrency industry are in stark contrast to the Biden administration’s approach. Trump has made several proclamations about how crypto will benefit from his time in office. He pledged to make the United States the “crypto capital of the world,” to remove the crypto-aggressive SEC Chairman Gary Gensler from his post, to create a “Strategic Bitcoin Reserve,” and to make a crypto advisory council tasked with designing transparent regulatory guidance to benefit the digital asset industry. But what does any...
DraftKings NFT Lawsuit Dismissal Fails
By Mark Hunter 1 month agoThu Jul 04 2024 07:45:56 Reading Time: 2 minutes A US judge has denied DraftKings’ motion to dismiss a class action lawsuit involving its NFTs The lawsuit claims DraftKings’ NFTs are investment contracts and could be securities Judge Denise Casper ruled that the NFTs could constitute a security A US federal judge in Massachusetts has ruled against DraftKings’ attempt to dismiss a class action lawsuit initiated by purchasers of its non-fungible tokens ( NFTs ). The lawsuit contends that these NFTs are investment contracts, potentially classifying them as securities under US law. The case was...
Electrocoin launches its new cryptocurrency exchange platform, Electrocoin Trade
One of the biggest cryptocurrency exchange services in Croatia, Electrocoin, has recently launched their new cryptocurrency exchange platform called Electrocoin Trade, providing services for natural and legal clients in the EU. The platform includes two core services – cryptocurrency exchange and trading service without prior registration to the platform, and cryptocurrency exchange and trading service for registered users. This way, and following the recent regulatory development in the area of crypto regulation, Electrocoin introduced the new custodial model to their service, allowing them to act as a custodian for the assets clients chose to hold on their Electrocoin Trade accounts....
