Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957789/bsvblockchain_logo?e&#61;1726704000&amp;v&#61;beta&amp;t&#61;3baDXVbYwGBsah-f4q5u_Es7mdEJd-tqrftm6tYCc90" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>Sen. Mark Warner (D-VA) supports refining the crypto sanctions bill in the FY 2025 NDAA to prevent terrorist organizations from using digital assets to evade sanctions. Similarly, the European Banking Authority issued technical standards and guidelines under MiCAR to address prudential requirements, including own funds, liquidity, and recovery plans.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><h3 id="us">US</h3><ul><li>Sen. <a href="https://www.linkedin.com/company/u.s.-senator-mark-warner/" rel="noopener noreferrer nofollow">Mark Warner</a> (D-VA)</li><li>Reps. <a href="https://www.linkedin.com/in/french-hill-25b693194/" rel="noopener noreferrer nofollow">French Hill</a> (R-AR)</li><li>Rep. Ritchie Torres (D-NY)</li><li>Rep. <a href="https://www.linkedin.com/in/brad-sherman-856236a9/" rel="noopener noreferrer nofollow">Brad Sherman</a> (D-CA)</li><li>Rep. <a href="https://www.linkedin.com/in/auchincloss/" rel="noopener noreferrer nofollow">Jake Auchincloss</a> (D-MA)</li><li><a href="https://www.linkedin.com/company/blockchain-tipsheet/" rel="noopener noreferrer nofollow">Blockchain Tipsheet</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/terraform-labs/" rel="noopener noreferrer nofollow">Terraform Labs</a> Founder <a href="https://www.linkedin.com/in/do-kwon/" rel="noopener noreferrer nofollow">Do Kwon</a></li><li>Geosyn Mining LLC</li><li><a href="https://www.linkedin.com/company/european-banking-authority/" rel="noopener noreferrer nofollow">European Banking Authority (EBA)</a></li><li><a href="https://www.linkedin.com/company/european-commission/" rel="noopener noreferrer nofollow">European Commission</a></li><li>UK’s <a href="https://www.linkedin.com/company/nhs/" rel="noopener noreferrer nofollow">National Health Service</a> (NHS) Chief Executive, <a href="https://www.linkedin.com/in/amanda-pritchard-893b052a/" rel="noopener noreferrer nofollow">Amanda Pritchard</a></li></ul><h3 id="sen-warner-open-to-narrowing-crypto-sanctions-legislation-to-prevent-terrorist-abuse">Sen. Warner Open to Narrowing Crypto Sanctions Legislation to Prevent Terrorist Abuse</h3><p>Sen. Mark Warner (D-VA) told reporters that he is open to narrowing the crypto sanctions legislation he is trying to have included in the FY 2025 NDAA, but argued that the bill must ensure that terrorist organizations cannot use digital assets to evade sanctions.</p><h3 id="lawmakers-debate-tokenization-a-valuable-use-of-blockchain-or-a-regulatory-loophole">Lawmakers Debate Tokenization: A Valuable Use of Blockchain or a Regulatory Loophole?</h3><p><a href="https://www.politico.com/newsletters/morning-money/2024/06/13/washingtons-next-crypto-clash-00163112" rel="noopener noreferrer nofollow">In interviews with Politico</a>, Reps. French Hill (R-AR) and Ritchie Torres (D-NY) advocated for tokenization as an important use of blockchain. Conversely, Rep. Brad Sherman (D-CA) argued that Congress must prevent tokenization from being used to create a system to avoid know-your-customer and anti-money laundering laws.</p><h3 id="rep-auchincloss-discusses-digital-assets-votes-on-fit-21-and-skepticism-on-cbdcs">Rep. Auchincloss Discusses Digital Assets, Votes on FIT 21, and Skepticism on CBDCs</h3><p>Rep. Jake Auchincloss (D-MA) discussed digital assets in an <a href="https://blockchaintipsheet.com/interviews/rep-auchincloss-blockchain/" rel="noopener noreferrer nofollow">interview with Blockchain Tipsheet,</a> explaining why he voted for FIT 21 and the resolution to overturn SEC SAB 121. He also voiced skepticism surrounding CBDCs.&#34;</p><h3 id="terraform-labs-and-do-kwon-settle-with-sec-for-4-47-billion-over-collapse-lawsuit">Terraform Labs and Do Kwon Settle with SEC for $4.47 Billion Over Collapse Lawsuit</h3><p>Terraform Labs agreed to pay the SEC $4.47 billion to resolve the agency’s lawsuit over the firm’s collapse. Do Kwon also agreed to settle with the SEC and pay $204 million. The SEC wrote a letter to US District Judge Jed Rakoff urging approval of the settlement, arguing that it “would ensure the maximal return of funds to harmed investors and put Terraform out of business for good.</p><h3 id="sec-urges-court-not-to-stay-case-against-geosyn-mining-llc-for-securities-fraud">SEC Urges Court Not to Stay Case Against Geosyn Mining LLC for Securities Fraud</h3><p>The SEC asked US District Judge Mark Pittman not to stay its case accusing crypto asset mining and hosting company Geosyn Mining LLC of securities fraud, arguing that the judge’s concerns about other pending cases creating “moving-target precedents” were unfounded.</p><h3 id="eu-uk">EU/UK</h3><h3 id="eba-releases-technical-standards-under-micar-for-prudential-matters">EBA Releases Technical Standards Under MiCAR for Prudential Matters</h3><p>The European Banking Authority (EBA) <a href="https://www.eba.europa.eu/publications-and-media/press-releases/eba-publishes-regulatory-products-under-markets-crypto-assets-regulation" rel="noopener noreferrer nofollow">published a package of technical standards and guidelines under MiCAR</a> on prudential matters, including own funds, liquidity requirements, and recovery plans.</p><h3 id="european-commission-selects-20-use-cases-for-blockchain-sandbox-cohort">European Commission Selects 20 Use Cases for Blockchain Sandbox Cohort</h3><p>The European Commission announced the 20 use cases selected for the second cohort of the European Blockchain Sandbox.</p><h3 id="nhs-chief-raises-alarm-over-youth-gambling-addiction-on-unregulated-crypto-markets">NHS Chief Raises Alarm Over Youth Gambling Addiction on Unregulated Crypto Markets</h3><p>In a speech, the UK’s National Health Service (NHS) chief, Amanda Pritchard, expressed concern with an uptick in young people getting addicted to gambling on unregulated crypto markets.</p><p>Sen. Mark Warner (D-VA) supports refining the crypto sanctions bill in the FY 2025 NDAA to prevent terrorist organizations from using digital assets to evade sanctions. Similarly, the European Banking Authority issued technical standards and guidelines under MiCAR to address prudential requirements, including own funds, liquidity, and recovery plans.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><h3 id="us">US</h3><ul><li>Sen. <a href="https://www.linkedin.com/company/u.s.-senator-mark-warner/" rel="noopener noreferrer nofollow">Mark Warner</a> (D-VA)</li><li>Reps. <a href="https://www.linkedin.com/in/french-hill-25b693194/" rel="noopener noreferrer nofollow">French Hill</a> (R-AR)</li><li>Rep. Ritchie Torres (D-NY)</li><li>Rep. <a href="https://www.linkedin.com/in/brad-sherman-856236a9/" rel="noopener noreferrer nofollow">Brad Sherman</a> (D-CA)</li><li>Rep. <a href="https://www.linkedin.com/in/auchincloss/" rel="noopener noreferrer nofollow">Jake Auchincloss</a> (D-MA)</li><li><a href="https://www.linkedin.com/company/blockchain-tipsheet/" rel="noopener noreferrer nofollow">Blockchain Tipsheet</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/terraform-labs/" rel="noopener noreferrer nofollow">Terraform Labs</a> Founder Do Kwon</li><li>Geosyn Mining LLC</li><li><a href="https://www.linkedin.com/company/european-banking-authority/" rel="noopener noreferrer nofollow">European Banking Authority (EBA)</a></li><li><a href="https://www.linkedin.com/company/european-commission/" rel="noopener noreferrer nofollow">European Commission</a></li><li>UK’s <a href="https://www.linkedin.com/company/nhs/" rel="noopener noreferrer nofollow">National Health Service</a> (NHS) Chief Amanda Pritchard</li></ul><h3 id="sen-warner-open-to-narrowing-crypto-sanctions-legislation-to-prevent-terrorist-abuse">Sen. Warner Open to Narrowing Crypto Sanctions Legislation to Prevent Terrorist Abuse</h3><p>Sen. Mark Warner (D-VA) told reporters that he is open to narrowing the crypto sanctions legislation he is trying to have included in the FY 2025 NDAA, but argued that the bill must ensure that terrorist organizations cannot use digital assets to evade sanctions.</p><h3 id="lawmakers-debate-tokenization-a-valuable-use-of-blockchain-or-a-regulatory-loophole">Lawmakers Debate Tokenization: A Valuable Use of Blockchain or a Regulatory Loophole?</h3><p><a href="https://www.politico.com/newsletters/morning-money/2024/06/13/washingtons-next-crypto-clash-00163112" rel="noopener noreferrer nofollow">In interviews with Politico</a>, Reps. French Hill (R-AR) and Ritchie Torres (D-NY) advocated for tokenization as an important use of blockchain. Conversely, Rep. Brad Sherman (D-CA) argued that Congress must prevent tokenization from being used to create a system to avoid know-your-customer and anti-money laundering laws.</p><h3 id="rep-auchincloss-discusses-digital-assets-votes-on-fit-21-and-skepticism-on-cbdcs">Rep. Auchincloss Discusses Digital Assets, Votes on FIT 21, and Skepticism on CBDCs</h3><p>Rep. Jake Auchincloss (D-MA) discussed digital assets in an <a href="https://blockchaintipsheet.com/interviews/rep-auchincloss-blockchain/" rel="noopener noreferrer nofollow">interview with Blockchain Tipsheet,</a> explaining why he voted for FIT 21 and the resolution to overturn SEC SAB 121. He also voiced skepticism surrounding CBDCs.&#34;</p><h3 id="terraform-labs-and-do-kwon-settle-with-sec-for-4-47-billion-over-collapse-lawsuit">Terraform Labs and Do Kwon Settle with SEC for $4.47 Billion Over Collapse Lawsuit</h3><p>Terraform Labs agreed to pay the SEC $4.47 billion to resolve the agency’s lawsuit over the firm’s collapse. Do Kwon also agreed to settle with the SEC and pay $204 million. The SEC wrote a letter to US District Judge Jed Rakoff urging approval of the settlement, arguing that it “would ensure the maximal return of funds to harmed investors and put Terraform out of business for good.</p><h3 id="sec-urges-court-not-to-stay-case-against-geosyn-mining-llc-for-securities-fraud">SEC Urges Court Not to Stay Case Against Geosyn Mining LLC for Securities Fraud</h3><p>The SEC asked US District Judge Mark Pittman not to stay its case accusing crypto asset mining and hosting company Geosyn Mining LLC of securities fraud, arguing that the judge’s concerns about other pending cases creating “moving-target precedents” were unfounded.</p><h3 id="eu-uk">EU/UK</h3><h3 id="eba-releases-technical-standards-under-micar-for-prudential-matters">EBA Releases Technical Standards Under MiCAR for Prudential Matters</h3><p>The European Banking Authority (EBA) <a href="https://www.eba.europa.eu/publications-and-media/press-releases/eba-publishes-regulatory-products-under-markets-crypto-assets-regulation" rel="noopener noreferrer nofollow">published a package of technical standards and guidelines under MiCAR</a> on prudential matters, including own funds, liquidity requirements, and recovery plans.</p><h3 id="european-commission-selects-20-use-cases-for-blockchain-sandbox-cohort">European Commission Selects 20 Use Cases for Blockchain Sandbox Cohort</h3><p>The European Commission announced the 20 use cases selected for the second cohort of the European Blockchain Sandbox.</p><h3 id="nhs-chief-raises-alarm-over-youth-gambling-addiction-on-unregulated-crypto-markets">NHS Chief Raises Alarm Over Youth Gambling Addiction on Unregulated Crypto Markets</h3><p>In a speech, the UK’s National Health Service (NHS) chief, Amanda Pritchard, expressed concern with an uptick in young people getting addicted to gambling on unregulated crypto markets.</p>

Senate backs crypto sanctions bill refinement to combat terrorism

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