NYC Mayor Eric Adams, a well-known crypto advocate, faced confusion about his cryptocurrency holdings. Adams’ plans to make NYC a crypto hub include accepting his initial mayoral salary in Bitcoin and Ether. Amid the important conversation about political figures’ transparency with their cryptocurrency investments, the mayor’s activities raise questions about the relationship between advocating for crypto and personal financial gain.
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Navigating Crypto Regulations: Lessons from Hong Kong and the US’s Missed Opportunities
“Web3 companies are shying away from New York due to stringent crypto regulations. In contrast, China and Hong Kong are embracing innovation in the crypto space, showing flexibility and support for sector growth, posing attractive alternatives for crypto enterprises.”
Emerging Trend of Crypto Salary: Power Shift or Risky Business?
“Employees are increasingly interested in Bitcoin compensation amid economic uncertainties. Factors like crypto acceptance, education, and advanced technology encourage considering crypto salaries. However, despite the allure of decentralized payroll systems, challenges include regulatory issues and the unpredictability of cryptocurrency.”
SEC Delays Bitcoin ETF Decision: Opportunity or Obstacle for Crypto Growth?
The U.S. SEC has delayed a decision on spot bitcoin ETF applications until October, causing a halt in the progression of cryptocurrency values. Meanwhile, ether and bitcoin were classified as “commodities” in a New York court ruling dismissing a lawsuit against Uniswap.