Jason Brett
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Sacramento Kings Will Offer Bitcoin As Salary To Players

Sacramento Kings Will Offer Bitcoin As Salary To Players

BETAThis is a BETA experience. You may opt-out by Apr 5, 2021,Vivek Ranadivé, the Chairman, CEO, and Governor of the Sacramento Kings, announced this evening on Clubhouse that everyone in his organization could receive their pay in as much Bitcoin as they wanted. The story broke soon thereafter after a Tweet from a member of the Clubhouse audience.I happened to be in the room, hosted by a club called the ‘Satoshi Roundtable’ when Tim Draper, a venture capitalist well-known in the industry for , called on Vivek Ranadivé to join him on the stage. The room was co-hosted by Bruce Fenton, a...

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Jason Brett
Apr 6
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U.S. Government Voids Public Comments On Newly Proposed Crypto Wallet Rule

U.S. Government Voids Public Comments On Newly Proposed Crypto Wallet Rule

BETAThis is a BETA experience. You may opt-out by Dec 18, 2020,The Financial Crimes Enforcement Agency (FinCEN) issued a notice of proposed rule making today called, “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets”. FinCEN is providing only 15 days, a highly accelerated timeframe for public comment to administrative rules by the Administration.The U.S. Treasury agency voids the public comment period for the new rule on crypto reporting, “...because this proposal involves a foreign affairs function of the United States and because ‘notice and...

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Jason Brett
Dec 19
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U.S. Federal Regulators Allow National Banks To Back Digital Dollar Stablecoins

U.S. Federal Regulators Allow National Banks To Back Digital Dollar Stablecoins

BETAThis is a BETA experience. You may opt-out by Sep 21, 2020,The Office of the Comptroller of the Currency (OCC) has issued its this afternoon allowing U.S. financial institutions to back digital dollar stablecoins under the leadership of Acting Comptroller Brian Brooks. This letter permits U.S. financial institutions to hold deposits as reserves for stablecoins that represent fiat currency such as the U.S. dollar.The OCC regulates large national banks such as Wells Fargoand J.P. Morgan Chase, so the guidance from this agency only applies to ‘National Associations’ and ‘Federal Savings...

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Jason Brett
Sep 21
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