Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957789/bsvblockchain_logo?e&#61;1715212800&amp;v&#61;beta&amp;t&#61;mggQhFIPzBx6mgiuC2vWJTd-_FiIqSAgBHuEtocGOJw" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>A bipartisan group of eight House lawmakers is urging the CFPB to clarify standards for special supervision of fintech firms under its proposed non-bank oversight rule.</p><p>The CFTC issued a warning about AI scams in crypto trading, advising against schemes promising unrealistic returns.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Global Policy Director for the BSV Blockchain Association, featuring:</p><ul><li><a href="https://www.linkedin.com/company/house-financial-services-democrats/" rel="noopener noreferrer nofollow">House Financial Services Committee</a> Chair Patrick McHenry</li><li><a href="https://www.linkedin.com/company/consumer-financial-protection-bureau/" rel="noopener noreferrer nofollow">Consumer Financial Protection Bureau</a></li><li><a href="https://www.linkedin.com/company/secgov/" rel="noopener noreferrer nofollow">SEC</a></li><li><a href="https://www.linkedin.com/company/grayscale-investments/" rel="noopener noreferrer nofollow">Grayscale investments</a></li><li><a href="https://www.linkedin.com/company/commodity-futures-trading-commission/" rel="noopener noreferrer nofollow">CFTC</a></li><li>Mark Scott (convicted for money laundering)</li><li><a href="https://www.linkedin.com/in/bim-afolami-mp-7a8160276/?originalSubdomain&#61;uk" rel="noopener noreferrer nofollow">UK Treasury Minister Bim Afolami</a></li></ul><h3 id="us">US</h3><h3 id="house-financial-services-committee-chair-plans-to-advance-crypto-legislation-to-house-floor-in-cnbc-interview">House Financial Services Committee Chair plans to advance crypto legislation to House Floor in CNBC interview</h3><p>In an interview with CNBC, House Financial Services Committee Chair Patrick McHenry (R-NC) discussed crypto, stating that he intends to move his crypto legislation to the House floor this year.</p><h3 id="bipartisan-group-of-house-lawmakers-calls-on-cfpb-for-clarity-on-nonbank-oversight-rule">Bipartisan group of House Lawmakers calls on CFPB for clarity on nonbank oversight rule</h3><p>A bipartisan group of eight House lawmakers wrote a letter calling on the CFPB to clarify the standard it would use to single out a fintech firm or other nonbank company for special supervision under its proposed nonbank oversight rule.</p><h3 id="sec-delays-decision-on-grayscale-39-s-eth-etf-application">SEC delays decision on Grayscale&#39;s ETH ETF application</h3><p>The SEC delayed making a decision on Grayscale’s spot ETH ETF application.</p><h3 id="cftc-issues-advisory-on-ai-scams-in-crypto-trading-warns-of-unrealistic-returns">CFTC issues advisory on AI scams in crypto trading, warns of unrealistic returns</h3><p>The CFTC issued a customer advisory about AI scams, warning that AI can be exploited to tout crypto asset trading schemes that promise unreasonably high or guaranteed returns.</p><h3 id="former-law-firm-partner-sentenced-to-10-years-for-laundering-400-million-in-onecoin-crypto-fraud-scheme-says-us-attorney-39-s-office">Former law firm partner sentenced to 10 years for laundering $400 million in OneCoin crypto fraud scheme, says US Attorney&#39;s Office</h3><p>The US Attorney’s Office for the Southern District of New York announced that former law firm partner Mark Scott was sentenced to 10 years in prison for laundering $400 million of proceeds from the OneCoin crypto fraud scheme.</p><h3 id="eu-uk">EU/UK</h3><h3 id="uk-treasury-minister-advises-young-retail-investors-to-consider-traditional-markets-over-crypto-city-a-m-interview-reveals">UK Treasury Minister advises young retail investors to consider traditional markets over crypto, City A.M. interview reveals</h3><p>In an interview with City A.M., UK Treasury Minister Bim Afolami urged young retail investors to invest in traditional markets, rather than just crypto.</p>

House Financial Services Committee Chair Proposes Advancement of Crypto Legislation

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