President Trump has nominated Hester Peirce to be a member of the U.S. Securities and Exchange Commission (SEC) for a second term ending in 2025. Pierce has been affectionately dubbed ‘Crypto Mom’ for being one of the most enthusiastic proponents of cryptocurrency at the SEC.
In an announcement on the White House website on June 2, the executive branch of the U.S. government said it had sent ten nominations for unfilled positions or those up for renewal to the Senate for approval, and withdrawn one.
Among the names put forward was Peirce, who has served as one of five commissioners for the SEC since 2018. Her first term was scheduled to end June 4, but this nomination — if approved by the Senate — would have her in office until June 5, 2025.
Safe harbor for token projects
Peirce is well known in the crypto community for proposing a safe harbor from SEC registration for decentralized token projects in February. The proposal would allow network developers a three-year grace period to build a decentralized network as well as attract participants before being subject to SEC regulations.
She has sometimes been the sole voice at the commission advocating for digital currencies. When the SEC rejected New York based firm Wilshire Phoenix’s Bitcoin Exchange Traded Fund (ETF) application in February, Peirce publicly disagreed, saying the other members were denying American investors access to Bitcoin (BTC). In March 2019, she also argued in favor of self-regulation for cryptocurrency markets.
style=”display:block; text-align:center;” data-ad-layout=”in-article” data-ad-format=”fluid” data-ad-client=”ca-pub-4791668236379065″ data-ad-slot=”8840547438″>,
If reproduced, please indicate the source: https://www.uucj.net/crypto-mom-nominated-to-serve-as-sec-commissioner-until-2025/
Recommendation
-
Bitcoin’s ’10-Day Returns’ Since 2013 are Off the Charts
Bitcoin can yield thousands of percent of gains within a short time frame. But those returns have been counted only in the best days for the coin. Recent research revealed that bitcoin prices tend to move on specific days, bringing up the overall gains. But missing that period may mean waiting out a bear market or stagnant prices. Inspired by Fundstrat’s Tom Lee @fundstrat ’10 best days’ analysis I’ve updated Bitcoin chart and added ETH, XRP & LTC. Below is Bitcoin $BTC. Hope you guys enjoy it, @IamNomad @ahcastor @nic__carter @nlw @Felipether @J0E007 @krugermacro @BTC_Macro @zhusu pic.twitter.com/prFEY57st8 — USD is a shitcoin (@noshitcoins) January 24, 2020 Immediately, 2013 and 2017 stand out, where BTC broke out of its previous range and reached peak prices. Catching the best days in 2013 meant more than 600% in gains. But trading in late 2017 meant 1,173% in profits. The biggest bitcoin bull market turned multiple investors into millionaires, provided they held until the right moment. But catching those power days was also a matter of luck. In 2017, BTC rallied but also went…
Jan 26, 2020 -
Google Will Take Fee for Sharing Users’ Personal Data with Government
It is somewhat strange that the famous postal secrecy law doesn’t work online. If you use a third-party e-mail provider, anybody can gain access to your data and secrets and sell them. Google wasn’t charging the lazy investigators in the past. The legal fee that Google is taking for giving the users’ e-mails and phone talks is rising only in 2020. Specifically, the NYT reporters got their hand on the document by Google saying they need to ”offset the cost” of compiling the information for the lawmakers. Now, agents will have to pay $45-245 for a single request, depending on the type of data. If the agents do not have a search warrant, Google won’t show the e-mails and will cooperate for $45 on the subpoena matters. Then, $60 is a cost for handling your wiretapped calls to the agents. Finally, if they have a search warrant, Google will charge $245 and let them read every of your e-mail and other data. Who reads your letters after they print them out and before they handle them to law enforcement? What…
Jan 27, 2020 -
Flashloan Haxor Sent WBTC’s Price to $4,000 on Kyber
The price of tokenized bitcoin briefly went to $4,000 on the ethereum based crypto broker Kyber as pictured above due to price manipulation through flashloans by a skilled coder this Saturday. The haxor sent WBTC’s price, which is kind of pegged to btc’s price, down by $6,500 from circa $10,500 while at the same time he had a short position on trading platform bZx with all this visible on the blockchain. The intentionally induced crash was temporary, with it returning to just above $10,500 a few hours later. Some volatility follows with WBTC’s price spiking to close to $13,000, perhaps by a copy cat. It then tends lower to the current price of circa $9,800. Flashloans as you might know by now allow you to flash borrow in a way the lender is certain they will be paid back because the network does not execute the flashloan smart contract unless by the end of the operation the funds are paid back. The network basically checks in real time if the code does return the funds, and if it does it…
Feb 17, 2020 -
Bitcoin Cash Is Holding Above $200, Is the Sideways Trend Continuing?
Dec 13, 2019 at 16:12 // News Despite its constant fluctuation, the price consolidation is concentrated near the support. It gives the impression that sellers have the upper hand over the buyers while the coin ranges. Secondly, the coin failed to rebound because buyers show no aggressiveness. Thirdly, the price movement has been insignificant since December 10. Also, there is a lack of buying power as the coin trades near the support. In my view, the bear’s dominance had been long. Therefore, buyers should come in near the support to push the coin to upper price levels. The coin will face a hurdle at the $227 resistance to jump over. A successful jump will see the coin reach a high of $240. Bitcoin Cash Indicator Reading Given the retracement at 0.786, BCH is presumed to reverse at the 1.272 Fibonacci Level. The coin is still range-bound at the bottom of the chart. The coin has fallen below the 20% range of the daily stochastic which implies that the coin is in a strong bearish momentum. Twitter Facebook reddit Pinterest Hacker…
Dec 13, 2019 -
Blockchain.com hosting Stacks (STX) token airdrop for Blockstack
Blockchain.com, a crypto services and blockchain technology company, announced a few weeks ago a new partnership with Blockstack to integrate the Stacks (STX) token into its products including the Blockchain Wallet, Blockchain Explorer, Blockchain Markets and new crypto exchange, The PIT. To commence the partnership, the Blockchain.com team confirmed today that Stacks (STX) will be the second token in its airdrop program. Qualified Blockchain Wallet users will receive the STX airdrop before February 2020. Blockstack Founded in 2013, Blockstack’s decentralized computing network and app ecosystem has attracted hundreds of independent developer teams to create apps that put users in control of their data. These apps offer private, secure alternatives to large tech companies. There are currently over 300 applications on the Blockstack network. “Blockstack has methodically built the foundation for a new internet where users are in control of their data and identity. We look forward to not only expanding the number of Stacks holders, but also on-boarding them into an ecosystem of apps that puts the sanctity of their data first.”– Peter Smith, Blockchain.com CEO and Co-founder Earlier this…
Nov 28, 2019 -
Voyager Digital and Avant-Garde Join Forces to Offer Commission-Free Bitcoin Trading
Canadian cryptocurrency asset broker, Voyager Digital, a licensed crypto-asset broker that provides investors with cutting-edge bitcoin (BTC) and altcoins trading solutions has formed a new partnership with Avant-Garde Trading Securities, a new broker-dealer launching in the first quarter of 2020. The new firm utilizes innovative technologies to help clients to easily navigate the complex crypto-markets, according to a press release, November 25, 2019. Expanding Crypto Service Offerings Voyager Digital and Avant-Garde Trading Securities have inked a partnership deal that would allow clients to trade bitcoin and other cryptoassets without being charged a commission. It also promises clients a trusted and secured access point to over 30 crypto-assets, with seamless execution services as well as a proprietary market data stream that collects data from major cryptocurrency exchanges. As per the announcement, Avant-Garde Trading Securities already had it in its plans to offer clients stocks, options, exchange-traded funds (ETFs), futures, and forex trading. Thanks to the new partnership with Voyager, the broker-dealer will now add cryptocurrency trading to its offerings. Commenting on the formidable alliance, Voyager Digital CEO and co-founder, Steve Ehrlich,…
Nov 26, 2019 -
Bobby Lee Presents First ‘Hands-On’ With Ballet Wallet At CES
Bobby Lee, co-founder of BTCC crypto exchange, was at the Consumer Electronics Show in Las Vegas this week, demonstrating the first physical samples of his non-electronic hardware wallet, Ballet. Physical Card And Accompanying App Ballet is billed as the ‘world’s first multicurrency non-electronic physical wallet’, and offers a 100% offline cold-storage solution. The credit card sized device comes with an accompanying iOS and Android app, thus warranting the ‘non-electronic’ wallet’s appearance at the Consumer Electronics Show. It was the first chance that the public and press have had to get hands-on with the device, and reviews have started to appear online. The premium stainless steel device is credit card shaped. Although a little heavier and thicker, it will still fit in your wallet. Each wallet has a QR code linked to its receiving address, a unique serial number, and a scratch-off panel revealing the wallet’s passcode. Focus Shifts From Un-Hackable To Ease Of Use As Bitcoinist reported, Lee announced the ‘un-hackable’ hardware wallet back in September last year. Although there seems to be less marketing focus on its supposed lack of…
Jan 11, 2020 -
Major Donations Are Coming From Crypto Industry to Fight COVID-19
All over the world, doctors, nurses and medical resources are strained as the fight against the coronavirus continues. In response, many charitable organizations and philanthropists from various industries have come forward to offer their support. In the cryptocurrency industry, companies such as BitMEX, Binance and the Stellar Foundation have been making headlines week after week for being at the forefront in an attempt to make sizable donations to COVID-19 relief funds. Here is a look at some of the biggest and most remarkable donations from crypto-related companies. Binance As early as Jan. 25, Changpeng Zhao, the CEO of a top-ranking crypto exchange Binance, announced in a tweet that his company has pledged to donate $1.5 million (10M RMB) to help the victims of the coronavirus in Wuhan, China. The funds are to be donated to the Chinese authorities to purchase medical supplies in the wake of the disastrous pandemic. Through Binance Charity, a nonprofit blockchain-powered donation arm of the company, an initiative titled “Binance for Wuhan” that kicked off by supplying 20,000 testing kits, 366,000 pairs of gloves, 5,280 bottles…
Apr 26, 2020 -
Sally Ho’s Technical Analysis 22 November 2019
Bitcoin Bitcoin (BTC/USD) was a little stronger early in today’s Asian session after the pair traded as low as the 7374.50 area during yesterday’s North American session. Stops were elected below the 7427.00 area during the pair’s move to November monthly lows. Traders continue to observe the pair trading between some important long-term technical levels, namely the 8498.67 and 7231.40 areas which represent the 50% and 61.8% retracements of the move from 3128.89 to 13868.44. A break of the 7231.40 area technically opens up the 5663.42 area, representing the 76.4% retracement of the same range. Likewise, a break of the 8498.67 area opens up the 9765.93 area, representing the 38.2% retracement of the same range. Another important technical level is the 8184.23 area, representing the 61.8% retracement of the move from 4670.69 to 13868.44. Below that area, the 6841.36 area is notable technical Support and above that area, the 9269.57 area represents the 50% retracement of the range. Market technicians are noting that the 50-bar MA (4-hourly) is now converging with the 100-bar MA (4-hourly), a Bearish development that could…
Nov 22, 2019 -
Is This The Start Of Another Decline In Bitcoin Or Buy Opportunity?
Bitcoin price formed a short term top near $10,200 and declined recently against the US Dollar. BTC might continue to decline, but the bulls are likely to remain active above $9,500. Bitcoin is slowly correcting lower below $10,000 and $9,850 against the US Dollar. The price even broke the $9,800 area and it might extend its downside correction. There is a key declining channel forming with resistance near $9,785 on the hourly chart of the BTC/USD pair (data feed from Kraken). There are chances of a bearish spike towards $9,500 before the bulls take a stand. Bitcoin Could Extend its Correction Recently, we saw a break above $10,000 in bitcoin against the US Dollar. However, BTC price failed to clear the $10,200 resistance and a new 2020 high was formed near $10,201. The price started a downside correction below the $10,000 level and the 100 hourly simple moving average. Moreover, the bears were able to lead the price below the 50% Fib retracement level of the upward move from the $9,659 low to $10,201 high. The recent decline was such…
Feb 11, 2020