Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957285?e&#61;1699488000&amp;v&#61;beta&amp;t&#61;UJg5tSlvbv75OEQbGYygWNupcXZI7tBqLyyGbcAc0tg" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>August 8, 2023</p><p>Senators Elizabeth Warren, Tim Kaine, and Chris Van Hollen are raising concerns regarding North Korea&#39;s utilization of cryptocurrency to bypass sanctions and finance weaponry, and they are urging the Treasury for specifics on how they plan to address this issue. Meanwhile, House Committee Chair Patrick McHenry is praising PayPal&#39;s stablecoin, seeing it as a potential foundational element of the contemporary payment system, while underlining the necessity for well-defined regulatory frameworks.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Global Policy Director for BSV Blockchain Association, featuring:</p><ul><li>Senators <a href="https://www.linkedin.com/in/senatorelizabethwarren/" rel="noopener noreferrer nofollow">Elizabeth Warren</a>, Tim Kaine, and <a href="https://www.linkedin.com/company/chris-van-hollen-for-u-s-senate/" rel="noopener noreferrer nofollow">Chris Van Hollen</a></li><li>Treasury Under Secretary for Terrorism and Financial Intelligence <a href="https://www.linkedin.com/search/results/all/?fetchDeterministicClustersOnly&#61;true&amp;heroEntityKey&#61;urn%3Ali%3Afsd_profile%3AACoAAAD-4UQBIHnUooKaauLQqVIQiQx594S4O7M&amp;keywords&#61;brian%20nelson&amp;origin&#61;RICH_QUERY_SUGGESTION&amp;position&#61;1&amp;searchId&#61;5f74a4c1-3737-46ce-97e7-c9c495672c31&amp;sid&#61;oEX" rel="noopener noreferrer nofollow">Brian Nelson</a></li><li>White House National Security Advisor Jake Sullivan</li><li>House Financial Services Committee Chair Patrick McHenry</li><li><a href="https://www.linkedin.com/in/mashinsky/" rel="noopener noreferrer nofollow">Alex Mashinsky</a> (Former CEO of Celsius Network LLC)</li><li><a href="https://www.linkedin.com/company/coinbase/" rel="noopener noreferrer nofollow">Coinbase</a></li><li>SEC (<a href="https://www.linkedin.com/company/secgov/" rel="noopener noreferrer nofollow">U.S. Securities and Exchange Commission</a>)</li><li>Digital Licensing Inc. (operating as <a href="https://www.linkedin.com/company/thedebtbox/about/" rel="noopener noreferrer nofollow">DEBT Box</a>)</li></ul><h2 id="header-1">Senators Demand Action on North Korea&#39;s Use of Crypto to Evade Sanctions and Finance Weapons</h2><p>Sens. Elizabeth Warren (D-MA), Tim Kaine (D-VA), and Chris Van Hollen (D-MD) sent a letter to Treasury Under Secretary for Terrorism and Financial Intelligence Brian Nelson and White House National Security Advisor Jake Sullivan surrounding the national security threat posed by North Korea’s use of crypto to circumvent international sanctions and fund its weapons program. The senators are asking Treasury to provide details about plans to address North Korea’s use of crypto.</p><h2 id="header-2">House Committee Chair Hails PayPal&#39;s Stablecoin as Potential Pillar of Modern Payment System</h2><p>House Financial Services Committee Chair Patrick McHenry (R-NC) released a statement following the launch of PayPal’s payment stablecoin. McHenry said, “This announcement is a clear signal that stablecoins—if issued under a clear regulatory framework—hold promise as a pillar of our 21st century payments system.”</p><h2 id="header-3">Judge Denies Motion to Dismiss Fraud Lawsuit Against Former Celsius Network CEO</h2><p>New York Supreme Court Judge Margaret Chan denied Alex Mashinsky’s motion to dismiss the New York attorney general’s fraud lawsuit against him. Judge Chan ruled that the attorney general has adequately alleged that the former CEO of Celsius Network LLC defrauded investors.</p><h2 id="header-4">Coinbase Counters SEC Lawsuit, Contests Regulatory Authority Over Its Operations</h2><p>Coinbase asked a New York federal judge to dismiss the SEC lawsuit against it, arguing that the SEC has no authority over its activities.</p><h2 id="header-5">SEC Secures Asset Freeze and Relief Against DEBT Box in $49 Million Cryptocurrency Fraud Case</h2><p>The SEC obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc. (operating as DEBT Box), its four principals, and 13 other defendants in connection with an alleged fraudulent scheme that sold cryptocurrency asset securities to investors and raised $49 million.</p>

Senators Raise Alarm Over North Korea's Crypto Use While House Committee Chair Applauds PayPal's Stablecoin Potential

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